Real estate company Anant Raj Ltd has said its board has approved a Composite Scheme of Arrangement to separate its data centre and cloud services business from its real estate and infrastructure operations, paving the way for the creation of two independently listed companies.

Under the proposed restructuring, Anant Raj Ltd will continue as the group’s real estate and infrastructure company, while Ashok Cloud Private Limited will become a dedicated digital infrastructure and cloud services business focused on data centres, cloud services and artificial intelligence (AI) workloads.

The company said the scheme, which requires approval from the National Company Law Tribunal (NCLT) under Sections 230 to 232 of the Companies Act, 2013, along with other statutory and regulatory approvals, is aimed at enabling both businesses to pursue independent growth strategies and create long-term value for shareholders.

As part of the restructuring, Anant Raj will first consolidate all its data centre and cloud operations under a single entity before carving them out into Ashok Cloud Private Limited, which will subsequently be listed independently.

Following the demerger, Anant Raj Ltd will continue to focus on its core businesses of real estate and infrastructure development, including residential townships, luxury housing, commercial developments and hospitality projects.

Ashok Cloud Private Limited will operate as a dedicated digital infrastructure and cloud services company. Its business will include advanced data centres, co-location services, sovereign public cloud offerings, AI-ready cloud infrastructure, disaster recovery and data centre services, cloud migration, data backup solutions and other allied services.

As part of the restructuring, Anant Raj will first consolidate all its data centre and cloud operations under a single entity before carving them out into Ashok Cloud Private Limited, which will subsequently be listed independently.

Following the demerger, Anant Raj Ltd will continue to focus on its core businesses of real estate and infrastructure development, including residential townships, luxury housing, commercial developments and hospitality projects.

Ashok Cloud Private Limited will operate as a dedicated digital infrastructure and cloud services company. Its business will include advanced data centres, co-location services, sovereign public cloud offerings, AI-ready cloud infrastructure, disaster recovery and data centre services, cloud migration, data backup solutions and other allied services.