The board of Anant Raj Ltd (ARL), a real estate and infrastructure developer, on Tuesday (July 21, 2026) approved a Composite Scheme of Arrangement to create two focused listed companies by separating the Group’s Data Centre \& Cloud Services business from its core real estate and infrastructure business.

Under the proposed arrangement, Anant Raj will first consolidate all its data centre and cloud operations under one entity before carving them out into Ashok Cloud Pvt. Ltd, a dedicated digital infrastructure and cloud services company that will be listed independently.

Upon the Scheme becoming effective, eligible shareholders of Anant Raj Ltd. will receive one fully paid-up equity share of face value of ₹2 each in Ashok Cloud Private Ltd for every one fully paid-up equity share of face value of ₹2 each held in Anant Raj Ltd.

The Scheme will not result in the cancellation of Anant Raj Ltd’s existing shareholding in Ashok Cloud Private Ltd and ACPL will continue to remain a subsidiary of Anant Raj Ltd.

“The restructuring is aimed at creating two focused businesses one in real estate and infrastructure and the other in digital infrastructure allowing each to pursue independent growth strategies, improve operational efficiency and create long-term value for shareholders,” the company said in a filing.

Upon completion of the Scheme, the Group will comprise two independently listed businesses, each with a distinct strategic focus.

While Anant Raj Limited will continue to focus on its core businesses of real estate and infrastructure development, with a diversified portfolio spanning residential townships, luxury housing, commercial developments and hospitality projects, Ashok Cloud Pvt. Ltd. will be a dedicated digital infrastructure and cloud services company, providing advanced data centres, co-location services, sovereign public cloud offerings, AI ready cloud infrastructure, DC \& DR services including cloud migration, data backup solutions and other allied services.

Amit Sarin, Managing Director, Anant Raj Ltd, said, “Our real estate, infrastructure business and Data Centre \& Cloud Services Business have evolved into two distinct platforms, each with its own growth trajectory, operational priorities, and capital needs. As both businesses enter their next phase of expansion, the proposed composite scheme is designed to provide greater strategic focus, management autonomy, and flexibility to pursue long-term value creation.”

“By bringing together the data centre and cloud services operations currently housed across Anant Raj Ltd and Anant Raj Cloud Pvt Ltd under one roof, we are creating a more focused and scalable platform that will be well-positioned to attract investments, pursue strategic partnerships, and capitalize on emerging opportunities in the digital infrastructure sector,” he said.

“The proposed demerger is also expected to facilitate independent market recognition of the Data Centre Business while enabling eligible Anant Raj Ltd shareholders to participate directly in its future growth and value creation,” he added.

Published - July 22, 2026 04:07 am IST