Nidar Infrastructure Ltd, the parent company of data centre and cloud services provider Yotta, is set to go public on the Nasdaq Global Market following its merger with Cartica Acquisition Corp. The listing, expected to raise around $463 million, will fund the expansion of Yotta’s Graphics Processing Unit (GPU) infrastructure, according to a company filing with the U.S. Securities and Exchange Commission (SEC).

Shareholders of Cartica will vote on the merger at an extraordinary general meeting slated for November 28, 2025. Once approved, the combined entity will list under the ticker symbols YTTA (shares) and YTTAW (warrants) on the Nasdaq Global Market, the company said in a statement on Friday.

“This marks an important milestone in our journey to becoming a publicly-listed company,” said Sunil Gupta, co-founder and CEO of Nidar and Yotta. He added that the listing will help advance Yotta’s vision of building a globally competitive AI and cloud infrastructure platform, supported by India’s rapidly growing demand for digital infrastructure.

Darshan Hiranandani, co-founder of Nidar and CEO of Hiranandani Group highlighted Yotta’s strategic partnerships with NVIDIA, Microsoft, Indian government institutions, and financial enterprises. He also noted Yotta’s role in powering the IndiaAI Mission, including delivery of over half the GPU compute capacity under the initiative.

Founded by the Hiranandani Group, Yotta operates Tier III and IV data centres in India, offering colocation, cloud, and AI services. It also built Shakti Cloud, India’s first indigenous AI HPC platform.