Nidar Infrastructure Limited, a leading data center provider in India specializing in artificial intelligence and high-performance computing, has entered into a definitive Agreement and Plan of Merger with Cartica Acquisition Corp, a special purpose acquisition company. The merger will result in Nidar becoming a publicly listed company in the United States. The transaction implies a pre-transaction equity value of approximately $2.75 billion for Nidar. The combination aims to accelerate Nidar’s growth strategy and extend its footprint in the global AI and cloud infrastructure markets. The deal includes necessary approvals from both companies’ boards and their shareholders and is subject to customary closing conditions, including stock exchange listing approvals.

Data Centers, Private Equity, Artificial Intelligence,India, United States