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Adani Acquires AI-based Startup to Boost its AI & Data Centre Capabilities

Adani Gautam

Gautamadani
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Adani Acquires AI-based Startup to Boost its AI & Data Centre Capabilities

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  1. Adani Acquires AI-based Startup to Boost its AI & Data Centre Capabilities

  2. The Adani Group, led by the global business tycoon, Gautam Adani, has recently completed the acquisition of AI-based startup Parserlabs. This acquisition follows Sirius Digitech’s initial purchase of 77.5 % stakes in Parserlabs India in July 2024. With this acquisition, the Adani Group will be able to further embrace enhanced technologies in its operations. The group will also be able to enhance its hold over the data centre and cloud services market. Its business profitability is also going to enhance to a considerable extent.

  3. The Adani Group Completes The Acquisition Of AI-Based Parserlabs: • Adani Enterprises Limited has recently announced that its joint venture company Sirius Digitech has recently acquired the remaining 22.5% stakes in Parserlabs India Private Limited. This makes the company a wholly-owned subsidiary of the Adani Group. This transaction was completed on 19th March. It was valued at INR 45 crore approximately. The shares were purchased at INR 20,000 per share. The recent acquisition of stakes was followed by Sirius Digitech’s initial purchase of 77.5 % stakes in July 2024.

  4. Why Acquire Parserlabs? • Parserlabs was incorporated in March 2019. The company specialises in sovereign AI and cloud technology. It operates through its fully-owned subsidiary Coredge.io India Private Limited. The company offers a diverse range of products for government departments, cloud providers, telecom service providers, and more. The Adani Group mentioned that the recent acquisition of Parserlabs will allow it to increase its hold in data centres and cloud services. It will also position Gautam Adani's business as one of the leading tech service providers in the world.

  5. Conclusion • In this era of AI advancements and regulatory requirements surrounding data storage, companies from all across the world are trying to ensure that the growing demands for advanced forms of technology are well-addressed. With Adani Group's entry into the particular sector, the growing demands for AI-based technology will be met. We will also be able to observe a technological boom in India in the upcoming years.

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