AdaniConneX, a joint venture (JV) between Adani Enterprises and EdgeConneX, on Friday, announced in a regulatory filing that several banks have entered into a financial framework to help the data centre provider raise $213 million in the largest data centre financial deal in India. 

Adani Enterprises said in a release that the JV closed the $213 million senior debt facility to finance its under-construction data centre asset portfolio with an aggregate capacity of 67 MW, including the Chennai 1 campus with Phase 1 of 17 MW and the Noida campus of 50 MW.

The company said in a BSE filing that ING Bank NV, Mizuho Bank, MUFG Bank, Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation are the mandated lead arranger, book-runner (MLAB) for the deal.

Allen & Overy and Saraf & Partners were the company’s counsels. The banks’ counsels were Clifford Chance and Cyril Amarchand Mangaldas.

The chief executive officer (CEO) at AdaniConneX, Jeyakumar Janakaraj, said that the facility is a vital part of the company’s capital management plan and would help in addressing the growing need for reliable IT infrastructure and fulfiling the company’s mission to build a 1 GW Green Data Center platform by 2030.