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L&T has signed a Business Transfer Agreement to transfer its Data Centre & Cloud Services business

ICICIdirect Research 12 Aug 2026 DISCLAIMER

News: L&T has signed a Business Transfer Agreement to transfer its Data Centre & Cloud Services business to wholly owned subsidiary Vyoma.AI for an estimated ₹1,400 crore, through issue of equity shares by Vyoma. L&T will also transfer its 100% stake in L&T Network Services Pvt Ltd to Vyoma for ₹30 crore. The transactions are expected to close by October 31, 2026, subject to conditions. 

View: The move is strategic restructuring. L&T had already rebranded the business as L&T Vyoma and is building an AI-ready data-centre platform, including a 40 MW Navi Mumbai facility within a planned 100 MW campus, with an overall roadmap targeting 200+ MW across India. Consolidating the business under Vyoma.AI should enable focused capital deployment and scaling in AI, hyperscale data centres, GPU cloud and sovereign digital infrastructure.

Impact: Positive

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