Reliance hikes investment in Mercury Holdings to Rs 418 crore

Reliance Industries (RIL) has invested an additional Rs 40 crore in Mercury Holdings SG, an equal joint venture between Brookfield Infrastructure and Digital Realty, increasing the total to Rs 418 crore.

This is against the earlier plan to invest Rs 378 crore.

Mercury Holdings, through its wholly-owned Singapore subsidiary Mercury India SG FDI, holds the entire stake in five Indian companies — BAM DLR Data Center Services, BAM DLR Chennai, BAM DLR Kolkata, BAM DLR Mumbai and BAM DLR Network Services.

Earlier in July, RIL acquired a 33.33% stake in a joint venture set up by Brookfield Infrastructure and Digital Realty for developing data centres in India. Following the acquisition, RIL became an equal partner in the JV, which was to be branded as ‘Digital Connexion: A Brookfield, Jio and Digital Realty Company’.

RIL said it would invest Rs 378 crore to acquire the stake in each of the five special purpose vehicles (SPVs) set up under the JV company, Mercury Holdings SG.

RIL also committed to make further investments of up to Rs 622 crore in equity and debt of the Indian SPVs and any new SPV that Mercury India SG may set up.

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