Nidar Infrastructure to go public via merger with Cartica Acquisition Corp

Nidar Infrastructure Limited and Cartica Acquisition Corp announced that they have entered into a definitive Agreement and Plan of Merger for a business combination. Nidar is India’s leading data center provider for artificial intelligence and high-performance compute. Nidar provides advanced information technology infrastructure and solutions on an “as-a-Service” model to customers worldwide, including enterprises, governments, start-ups and small- and medium-sized enterprises, and hyperscalers. Nidar’s offerings include colocation services, managed services and cloud services, and AI services. The pre-transaction equity value of Nidar implied by the Business Combination terms is approximately $2.75B.