Alpha Wave leads $1bn investment in Airtel’s Nxtra Data; Cyril Amarchand, Trilegal and Shardul Amarchand advise

"Bar & Bench reports that Bharti Airtel, Carlyle Group, Alpha Wave Global and Anchorage Capital will invest $1 billion in Airtel’s data‑centre arm Nxtra Data. Alpha Wave is the lead investor with $435 million; Bharti Airtel will invest $290 million, Carlyle $240 million and Anchorage $35 million. Cyril Amarchand Mangaldas advised the Bharti Group (led by Ravindra Bandhakavi and Anandita Kaushik; Dhruv Rajain on competition), Trilegal advised Carlyle (Abhishek Guha, Tanya Uppal; Gauri Chabbra on competition), and Shardul Amarchand Mangaldas advised Alpha Wave (Raghubir Menon, Taranjeet Singh; Rohan Arora on competition). Nxtra operates a network of enterprise‑grade data centres across more than 120 locations in India. The story was published by Bar & Bench on March 31, 2026."