Trilegal advised Indian alternative asset owner RMZ Group on its $1.7 billion joint venture with Colt Data Centre Services, which was advised by Khaitan & Co, to invest in the Indian data centre market, as well as the proposed acquisition of stakes in two data centre projects.

The 50-50 partnership between RMZ and Colt DCS plans to build data centres with a combined capacity of 250MW over the next few years. The collaboration hopes to combine RMZ’s excellence in real assets with Colt’s expertise in next-generation connectivity and transformative digital infrastructure.

The Trilegal corporate transaction and diligence team advising on the matter was led by partners Sai Krishna Bharathan and Upasana Rao, who were supported by senior associates Saamir Askari, Debottam Chattopadhyay, and Paulose Abraham, and associates Vedangini Bisht and Jahanvi Grover.

The Trilegal real estate team advising on the matter was led by partner Monika Bhonsale, who was supported by senior associates Maithili Vagal and Uday Shah. The labour and employment team was led by partner Apeksha Mattoo, who was supported by counsel Rina Goyal and associate Prachi Kulkarni.

The Khaitan deal team was led by partners Deepak Jodhani, Abir Sarkar, and Neekesh Shetty, with assistance from partners Abhiraj Gandhi (real estate) and Vivek Mimani (funds formation).