Bharti Airtel Share Price in Focus as Nxtra Plans $1 Billion Fundraise to Expand Data Centres

Bharti Airtel’s data centre subsidiary Nxtra Data Ltd is preparing a major capital raise as it accelerates plans to expand its digital infrastructure capacity and strengthen its position in India’s rapidly growing data centre industry, as per The Economic Times report. 

Nxtra Plans $1 Billion Capital Raise 

As per the report, Nxtra Data is planning to raise $1 billion through a combination of a rights issue and preferential allotment to expand its data centre capacity to gigawatt scale.  

The funding round is expected to include participation from existing investors Bharti Airtel and Carlyle, along with Alpha Wave Global as a new investor. 

Under the proposed structure, Airtel and Carlyle are expected to invest $300 million each, while Alpha Wave Global will contribute $400 million. The entire amount will be raised as primary capital to support expansion. 

Alpha Wave Global is backed by Sheikh Tahnoon bin Zayed Al Nahyan, Abu Dhabi’s deputy ruler and UAE national security advisor, whose investment vehicle has backed companies such as Anthropic, OpenAI, Grok and SpaceX. 

Data Centre Expansion and Strategic Partnerships 

The capital raise coincides with Airtel’s broader infrastructure push, including participation in a $15 billion AI hub and data centre complex in Visakhapatnam being developed alongside the Adani Group and Google. 

The facility is expected to host Google’s tensor processing units (TPUs) used for training and running large artificial intelligence models.  

Airtel’s role in the project focuses on connectivity infrastructure, telecom networks and high-capacity fibre systems, while both Airtel and Adani act as infrastructure partners for Google. 

Nxtra currently operates one of India’s largest data centre networks with 14 core data centres and 120 edge facilities across 65 cities. The company holds around 12% market share and operates 120–130 MW capacity in cities such as Chennai, Mumbai, Pune, Kolkata and Noida. 

Growth Targets and Financial Performance 

Nxtra aims to increase its market share to 25% and expand capacity to 1 GW within the next three to four years, according to Bharti Airtel executive vice chairman Gopal Vittal. 

Airtel had spun off the data centre business into Nxtra in 2020 and later sold a 24.04% stake to Carlyle in 2021 for $235 million, valuing the company at $1.2 billion at the time. Airtel retained majority ownership while bringing in external capital to scale the business. 

For the financial year ended March 2025, Nxtra reported ₹2,078.5 crore in revenue and ₹224.3 crore in net profit. The company also recorded ₹772 crore in operating cash inflows, while current liabilities stood at ₹956.7 crore. 

Read More: Telecom Industry Gross Revenue Surpasses ₹1 Lakh Crore in Q3; AGR Reaches ₹84,270 Crore! 

Bharti Airtel Share Price Performance  

As of 09 March 2026, at 12:32 PM, Bharti Airtel Ltd share price is trading at ₹1,860.40 per share, reflecting a decline of 0.56% from the previous closing price. Over the past month, the stock has declined by 8.72%. 

Conclusion 

Nxtra is also considering a public listing in the coming years as investment in India’s data centre industry accelerates, with global hyperscalers and domestic conglomerates expected to invest over $270 billion in the sector over the next five to seven years. 

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