23 Oct 2025


Trilegal advised on the proposed initial public offering of equity shares (“IPO”) by Sify Infinit Spaces Limited (“Sify Infinit”), comprising a fresh issue and offer for sale of equity shares by Kotak Data Centre Fund and Kotak Special Situations Fund, aggregating up to INR 37.00 billion.
Sify Infinit, is the first company to establish a data centre in India and one of the leading providers of data centre colocation services in India, in terms of built information technology capacity, as of March 31, 2025. It is promoted by Sify Technologies Limited, which is an India-born organization that was the first to offer private internet services in India in the late 1990s and was also the first Indian information communication technology company to list on the NASDAQ, in October 1999. *
The IPO proceeds are proposed to be used for part funding of capital expenditure requirements towards completion of a tower of data centre in Chennai, setting up two towers of data centres at Rabale, Mumbai and repayment of borrowings.
Trilegal represented the syndicate of book-running lead managers, which comprised JM Financial Limited, CLSA India Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Private Limited.
The Trilegal team advising on the matter was led by Richa Choudhary and comprised Counsels: Avanti Kale and Maitreya Rajurkar; Senior Associate: Sanya Chaudhari; Associates: Siddhant Mishra, Samruddhi Varma, and Arnab Goswami.
*As per 1Lattice and C&W Report.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With 148 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,200 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024.
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