STT Global Data Centres Is Said to Plan $500 Million India IPO

STT Global Data Centres India Pvt. is considering an initial public offering in Mumbai that could raise as much as $500 million, according to people familiar with the matter, as investor demand for digital infrastructure accelerates.

The data center service provider backed by Tata Communications Ltd. has invited investment banks to pitch for advisory roles, with presentations expected next week and appointments targeted by the end of the month, the people said, asking not to be identified because the information is private.