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Tulip Telecom willing to shed up to 25% stake in data centre.
Byline: K. Giriprakash
Remaining FCCB loan could be replaced with debt
Tulip Telecom, which owns the third largest data centre globally, plans to rope in an investor for its data centre and is willing to shed between 10 per cent and 25 per cent stake in the centre.
The Tulip Telecom Managing Director, Col H.S. Bedi, said that it will depend on the kind of valuation it can get for shedding the stake in the centre which is called Tulip Data City.
He said the company is open to either a financial or strategic investor to pick up the stake in the centre which is a wholly-owned subsidiary of the company.
Col Bedi said Tulip Telecom has …
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