Yotta Data Services raises Rs 1,357 cr in debt from State Bank of...

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2024-02-13 05:55:05

Transformative Financing: Yotta Data Services and NMDC Data Centre's Strategic Rs 1,357 Crore Loan from SBI. Dive into the strategic financing move as Yotta Data Services and NMDC Data Centre secure a substantial loan from SBI, driving transformative expansion initiatives under Darshan Hiranandani's leadership.
Visit - https://m.economictimes.com/industry/services/property-/-cstruction/yotta-data-services-raises-rs-1357-cr-in-debt-from-state-bank-of-india/articleshow/107633508.cms

Transformative Financing: Yotta Data Services and NMDC Data Centre's Strategic Rs 1,357 Crore Loan from SBI. Dive into the strategic financing move as Yotta Data Services and NMDC Data Centre secure a substantial loan from SBI, driving transformative expansion initiatives under Darshan Hiranandani's leadership. Visit - https://m.economictimes.com/industry/services/property-/-cstruction/yotta-data-services-raises-rs-1357-cr-in-debt-from-state-bank-of-india/articleshow/107633508.cms

M.ECONOMICTIMES.COM

Yotta Data Services raises Rs 1,357 cr in debt from State Bank of India

The company has raised this debt against its two data centres in Navi Mumbai by hypothecating the assets in favour of the bank. Certain receivables from the companys data centre in Mumbais central suburb Powai have also been pledged to secure this loan.

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