Shares of gained on Wednesday, rising 1.6 per cent to ₹1,817.30, supported by fresh investment activity in its data centre arm and positive growth outlook.
The stock movement comes alongside the company’s announcement of a $1 billion investment in Nxtra Data by global investors including Alpha Wave Global, Carlyle and Anchorage Capital.
Airtel will also participate in the funding round while retaining a controlling stake in Nxtra.
Under the agreement, Alpha Wave Global will invest $435 million, Carlyle $240 million and Anchorage Capital $35 million, with the remaining capital to be infused by Airtel.
The final shareholding structure will be determined post-closing adjustments, and the transaction remains subject to regulatory approvals in India.
Nxtra plans to use the proceeds to significantly scale up its data centre infrastructure and expand service offerings to enterprises, hyperscalers and government organisations.
The company has positioned itself as a technology-driven player, being among the first in India’s data centre space to deploy artificial intelligence at scale for predictive maintenance, energy efficiency and automated operations.
The investment comes at a time when India’s data centre sector is witnessing rapid expansion, driven by accelerating digital transformation, increasing cloud adoption and rising demand from hyperscalers. Industry estimates suggest the market could grow at a compound annual growth rate of around 21 per cent between 2024 and 2030, reaching nearly 3,400 MW of IT capacity.
Separately, the Department of Telecommunications imposed a penalty of ₹6,80,000 on Airtel over alleged violations related to subscriber verification norms following a routine audit.