Essar Group-backed IT systems integrator Black Box raises Rs 410 crore

Essar Group-backed IT systems integrator Black Box has raised Rs 410 crore via preferential issue aimed towards expanding data centre infrastructure services globally and tap in the growing demand for AI computing.

The infrastructure provider which counts Amazon, Google, Microsoft as its clients is looking to invest in expanding data centre services to hyperscalers, multi-tenant data centre operators and large enterprise data centre, as well as connectivity and networking infrastructure. A portion of the funds will be allocated towards sales and business development in North America and emerging markets.