Bain Capital to acquire a 25% stake in Nxtra Data for $235m.

Bain Capital, a private equity firm, agreed to acquire a 25% stake in Nxtra Data, a data centre business of Bharti Airtel for $235m. “India is set to become one of the largest markets in the world for digital services. Airtel, with its proven track record of solid execution and customer focus, is well positioned to leverage the potential growth of data centres in India. We look forward to collaborating with Airtel to unlock the full potential of Nxtra,” Neeraj Bharadwaj, Carlyle Managing Director.