Trilegal – RMZ Group’s joint venture with Colt Data Centre Services to invest USD 1,7bn in Indian data centre market
RMZ Group has entered into a joint venture with Colt Data Centre Services (part of Fidelity Investments group) for the development and operation of data centres across India. The parties have committed USD 1.7 billion towards the joint venture.
As a part of this transaction, RMZ Group entities will acquire stakes in two data centres – in Navi Mumbai and Chennai – as the initial projects that will form part of the platform.
Trilegal advised RMZ Group in connection with the joint venture and were responsible for structuring the transaction; undertaking a due diligence of the data center projects, drafting, negotiating and finalising the transaction documents.
The Trilegal Corporate transaction and diligence team advising on the matter was led by Partners Sai Krishna Bharathan and Upasana Rao and comprised Saamir Askari and Paulose Abraham, Senior Associate; Vedangini Bisht and Jahanvi Grover, Associates.
The Real Estate Team advising on the matter was led by Partner Monika Bhonsale and comprised Maithili Vagal and Uday Shah, Senior Associates.
The Labour and Employment Team advising on the matter was led by Partner Apeksha Mattoo and supported by Rina Goyal, Counsel; and Prachi Kulkarni, Associate.
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Trilegal – RMZ Group’s joint venture with Colt Data Centre Services to invest USD 1,7bn in Indian data centre market, source
