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Business

Anant Raj to demerge data centre arm into separately listed company

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Anant Raj to demerge data centre arm into separately listed company
Listed real estate firm Anant Raj Ltd will de-merge the data centre business and cloud operations under one entity before carving them out into Ashok Cloud Pvt Limited, a dedicated digital infrastructure and cloud services company that will be listed independently.

Anant Raj Limited currently operates 28 MW of IT load across its campuses in Manesar and Panchkula and is expanding its data center footprint across Haryana. It aims to achieve a total capacity of 307 MW by FY32 across Manesar, Panchkula and Rai, supported by a planned capital expenditure of approximately USD 2.1 billion.

The restructuring is aimed at creating two focused businesses one in real estate and infrastructure and the other in digital infrastructure.

The restructuring has been approved by a Composite Scheme of Arrangement by its Board of Directors. The Composite Scheme, approved under Sections 230 to 232 of the Companies Act, 2013, will create two focused listed companies.

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Ashok Cloud Pvt Limited will emerge as a dedicated digital infrastructure and cloud services company, providing advanced data centres, co-location services, sovereign public cloud offerings, Artificial Intelligence (AI) ready cloud infrastructure, DC & DR services including cloud migration, data backup solutions and other allied services.


As an independent listed entity, the Company will be well positioned to capitalize on the rapidly growing demand for digital infrastructure and cloud services in India.
“Our real estate, infrastructure business and Data Centre & Cloud Services Business have evolved into two distinct platforms, each with its own growth trajectory, operational priorities, and capital needs. As both businesses enter their next phase of expansion, the proposed composite scheme is designed to provide greater strategic focus, management autonomy, and flexibility to pursue long-term value creation,” said Amit Sarin, Managing Director, Anant Raj Ltd.The proposed demerger is also expected to facilitate independent market recognition of the Data Centre Business while enabling eligible Anant Raj Ltd shareholders to participate directly in its future growth and value creation.

“By bringing together the data centre and cloud services operations currently housed across Anant Raj Ltd and Anant Raj Cloud Pvt Ltd under one roof, we are creating a more focused and scalable platform that will be well-positioned to attract investments, pursue strategic partnerships, and capitalize on emerging opportunities in the digital infrastructure sector,” Sarin said.

Upon the scheme becoming effective, eligible shareholders of Anant Raj Limited will receive one fully paid-up equity share of face value of Rs 2 each in Ashok Cloud Private Limited for every one fully paid-up equity share of face value of Rs 2 each held in Anant Raj Limited.

The scheme will not result in the cancellation of Anant Raj Limited’s existing shareholding in Ashok Cloud Private Limited, and ACPL will continue to remain a subsidiary of Anant Raj Limited.

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The proposed scheme is subject to receipt of all necessary statutory, regulatory and judicial approvals, including approvals from the National Company Law Tribunal (NCLT), SEBI, the stock exchanges, shareholders, creditors and other applicable authorities, as required.

The group remains on track to achieve an installed IT load capacity of around 117 MW by FY28 across its strategic data center locations. In June 2024, AnantRaj also partnered with Orange Business, the French IT and telecom services provider, to deliver managed cloud services in India, further strengthening its integrated digital infrastructure offerings.

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Business

Oil prices to hit $120 soon? Goldman Sachs makes big prediction as Hormuz concerns loom

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Oil prices to hit $120 soon? Goldman Sachs makes big prediction as Hormuz concerns loom
Wall Street major Goldman Sachs has warned that Brent crude could surge to $120 per barrel if disruptions through the Strait of Hormuz, the world’s most critical oil transit route, persist, even as its base case assumes an eventual easing of tensions in the Middle East.

Goldman Sachs expects Brent crude to average $80 per barrel in the fourth quarter and $75 next year, assuming tensions in the Middle East ease. However, the risks to its forecasts remain “tilted to the upside” due to potential disruptions to shipping through the Strait of Hormuz and possibly the Red Sea, analysts said.

Global energy markets have faced renewed volatility this month, with Brent climbing back above $91 per barrel amid fresh fighting between the U.S. and Iran and a threat by Iran-backed Houthi rebels in Yemen to blockade shipments from Saudi Arabia. Red Sea routes have played a key role in enabling Persian Gulf crude cargoes affected by disruptions to reach buyers.

Also read: Relieved that crude has finally fallen? The real warning signs just began flashing elsewhere

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Goldman Sachs said lower global inventories in the second quarter have increased the oil market’s vulnerability to supply shocks. However, weaker Chinese imports and greater demand elasticity could limit the potential for further price gains.

Crude oil price today

Oil prices edged lower on Tuesday as markets weighed reports of renewed diplomatic efforts between the U.S. and Iran, including a proposed 10-day ceasefire, against continued military exchanges and a threat by Yemen’s Houthis to impose a naval blockade on Saudi Arabia.
A senior Iranian official told Reuters that Tehran had received a 10-day ceasefire proposal from mediators. The initiative aims to preserve the interim agreement signed on June 17 and create a path toward a lasting deal to end the conflict that began on February 28 following U.S.-Israeli attacks on Iran.
The diplomatic push followed another night of U.S. strikes on Iranian cities and retaliatory attacks by Iran’s Revolutionary Guards on U.S. military assets across the region. U.S. Central Command later said on Monday that it had launched another round of strikes on Iran.
The U.S. carried out its 10th consecutive day of strikes after President Donald Trump vowed that Iran “will pay” for the killing of American soldiers. Iran responded with attacks on Kuwait.

The conflict began on February 28, when the U.S. and Israel launched attacks on Iran. Tehran retaliated with strikes on Israel and Gulf states that host U.S. military bases. U.S.-Israeli attacks on Iran, along with Israeli strikes on Lebanon during the conflict, have killed thousands of people and displaced millions.

Also read:Oil is crude once again! Is $95 the new normal and what it means for Indian investors?

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Over the past week, Trump has also threatened to widen the scope of U.S. strikes in Iran to include energy facilities and bridges.

The 1949 Geneva Conventions, which set rules for humanitarian conduct during war, prohibit attacks on sites considered essential to civilian life. Following Trump’s earlier threats to target such infrastructure, international law experts in the U.S. said earlier this year that such attacks could potentially constitute war crimes.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Business

Interactive Brokers Group, Inc. (IBKR) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript