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Adani

A&O Shearman and Saraf and Partners have advised a JV between India's Adani Enterprises and private data centre operator EdgeConneX on securing financing of up to $1.44 billion to build data centres, with Milbank and Cyril Amarchand Mangaldas advising the lenders.

Rajah & Tann and Norton Rose Fulbright advised the lenders on Singapore law and Dutch law, respectively.

This is believed to be India’s largest sustainability-linked data centre financing. Reuters reported that AdaniConneX, the joint venture, had last year raised $213 million to fund data centres under construction.

The Milbank team was led by partner James Orme.

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