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Larsen & Toubro to buy 21% stake in E2E Networks for Rs 1,407 crore

The company will not acquire control in E2E Networks following the proposed acquisition and will be a minority shareholder with certain protective rights, it said.

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“The narrative in India has changed from being viewed as a digital colony to that of evolving into a provider of sovereign cloud platforms to the world,” Dua said. (File)

Larsen & Toubro (L&T) has proposed to acquire a 21 per cent equity stake in E2E Networks, an Indian Cloud and AI Cloud provider, at a cost of Rs 1,407 crore through a combination of primary and secondary transactions. Under this alliance, L&T will integrate E2E Networks’ cloud and AI cloud platform with its expertise in data centre management and cloud solutions towards empowering startups, and enterprises, L&T said.

The company will not acquire control in E2E Networks following the proposed acquisition and will be a minority shareholder with certain protective rights, it said.

The collaboration aims to accelerate digital transformation for a diverse range of industries, fostering a technology-driven, sustainable future for India, L&T said.

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Tarun Dua, Chairman and MD of E2E Networks, said, “The strategic collaboration between E2E Networks and L&T marks a significant milestone for the future of adoption of domestically built HyperScaler Cloud Platforms in India. The partnership marks the next step in the journey towards ‘Make in India’ for running production-grade traditional CPU workloads and GPU-led GenAI innovation in India.”

“The narrative in India has changed from being viewed as a digital colony to that of evolving into a provider of sovereign cloud platforms to the world,” Dua said.

“Collaborating with E2E Networks allows us to offer our clients seamless, scalable and secure cloud experiences. By combining our capabilities, we are delivering a cloud ecosystem designed for businesses in India that want to drive growth, optimise costs and unlock the full potential of AI and digital transformation,” said Seema Ambastha, Chief Executive of L&T Data Center and Cloud Business.

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