CtrlS opens Rs 4k-crore data centre park in Chennai, plans IPO

Hyderabad-based CtrlS Datacenters on Tuesday inaugurated a Rs 4,000-crore data centre park in Chennai, and said it is considering an initial public offering (IPO) to fund its capex and expansion plans.

“The AI-driven opportunity is significantly expanding, requiring billions more in capex,” chairman Sridhar Pinnapureddy said. “We are contemplating and the Board has been discussing going public for a few months now,” he added, without specifying a timeline.