I Squared Capital Explores Partial Stake Sale in Lightstorm, Valuing Digital Infra Platform at Up to $1.5 Billion
Loading more articles...
I Squared Capital Eyes $1.5B Lightstorm Stake Sale Amid Data Boom
M
Moneycontrol•04-03-2026, 23:31
I Squared Capital Eyes $1.5B Lightstorm Stake Sale Amid Data Boom
•I Squared Capital is evaluating a partial stake sale (approx. 20%) in its portfolio firm Lightstorm, a pan-Asia digital infrastructure platform.
•The global infrastructure investor aims for a valuation of up to $1.5 billion for the minority stake, tapping private equity funds.
•Lightstorm focuses on high-speed fiber and NaaS solutions, with a significant presence in India and the APAC region.
•This stake sale is a precursor to a potential initial public offer (IPO) targeting up to $2.5 billion valuation in 18-24 months.
•Lightstorm recently secured Rs 700 crore funding from NIIF and expanded its network, including acquiring assets from RTI Cables for global subsea connectivity.
