L&T to acquire 21% stake in AI cloud provider E2E Networks
The company also said it has entered into a strategic partnership with E2E.
In a two-part deal, L&T proposes to acquire a total of 4.17 million equity shares of E2E Networks, representing a 21% stake.
“Collaborating with E2E Networks allows us to offer our clients seamless, scalable and secure cloud experiences," said Seema Ambastha, chief executive of L&T data centre and cloud business.
In a disclosure to the BSE, L&T said E2E specialises in providing CPU- and GPU-based cloud computing platforms, enabling customers to conduct large-scale general and AI workloads through its relationship with Nvidia.
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