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Deal● Neutral for Indian equities
BlackRock, IFM close in on $25 billion Stack data center deal: Bloomberg
The brief
- BlackRock and IFM are close to a $25 billion Stack data center deal
- Asia’s data center sector is attracting investment amid demand for cloud computing, AI and digital services
- The deal underscores rising data-centre demand, relevant to Indian data-centre and technology infrastructure firms
- ESDS Software Solution slumps after Q1 numbers
- ESDS Q1 net profit rises nearly 14% as revenue grows 7%