Anant Raj to demerge data centre business into separate listed firm
Board approves composite scheme to hive off Ashok Cloud, with 1:1 share entitlement. Move creates two pure-play entities and may create value.
— 1 earlier story on Anant Raj Ltd. →What's new
- Board approves demerger of data centre and cloud business into Ashok Cloud Private Limited.
- Shareholders to receive one Ashok Cloud share for each Anant Raj share held.
- Scheme subject to NCLT, SEBI, stock exchange, shareholder, and creditor approvals.
Why this matters
Anant Raj is splitting into a real estate company and a pure-play digital infrastructure firm. The move gives each business a dedicated management and valuation, potentially re-rating the high-growth data centre arm. For a mid-cap like Anant Raj (market cap ₹18,805 cr), this restructuring could attract sector-focused investors and boost valuations.
What we're watching
- Timeline for regulatory approvals from NCLT, SEBI, and exchanges.
- Whether the data centre business' earnings visibility justifies a standalone premium.
- Any changes in shareholder structure post-demerger.
The full read
Anant Raj's board approved a composite scheme to demerge its data centre and cloud business into Ashok Cloud Private Limited, which will be listed separately. Shareholders get one Ashok Cloud share for each Anant Raj share held — a direct pass-through of the high-growth digital infrastructure business. The restructuring leaves Anant Raj as a pure real estate and infrastructure play, while Ashok Cloud becomes a dedicated digital infrastructure company. The move is subject to NCLT, SEBI, stock exchange, shareholder, and creditor approvals. For a company with a market cap of ₹18,805 cr and trailing PAT growth of 26.9%, the demerger could create value by allowing each business to trade on its own fundamentals. The digital infra segment, with its own management and listing, may attract a different investor base. That's the opportunity. The risk is the approval timeline and execution.
Questions answered
- What exactly is being demerged?
- Anant Raj is demerging its data centre and cloud services business into Ashok Cloud Private Limited, a separate listed entity.
- What will existing shareholders get?
- Eligible shareholders will receive one equity share of Ashok Cloud for every one share held in Anant Raj.
- What approvals are needed?
- The scheme requires approval from NCLT, SEBI, stock exchanges, shareholders, and creditors.
- Why is the demerger significant?
- It creates two focused companies: Anant Raj for real estate and Ashok Cloud for digital infrastructure. This could boost value by allowing each to be valued independently.
- Is there a timeline for completion?
- No timeline has been disclosed yet. The process depends on obtaining all regulatory approvals.
- How will the demerger affect Anant Raj's finances?
- The demerger simplifies the corporate structure and may improve valuation multiples for both entities, but specific financial impacts are not detailed in the filing.
Story so far
All notes on ANANTRAJ →- 21 Jul 2026 · 7:02 PM IST Anant Raj to demerge data centre business into separate listed firm
- today Anant Raj splits real estate and data centre into two listed firms