<b>Lightstorm secures ₹2,500 crore debt facility from IndusInd Bank</b> for AI-focused terrestrial and subsea fibre network expansion across India and Southeast Asia.

Banking & Finance 11 Aug 2026· ₹2,500 cr · Completed· ✓ Verified

Lightstorm, backed by PE firm I Squared Capital and rated CARE AA- (stable), is a network infrastructure company operating >30,000 km terrestrial and 21,000 km subsea fibre globally, connecting >100 data centres. The ₹2,500 crore facility (approx. $260–300 million) is fully underwritten, carries a 10-year tenor, and is structured as a co-borrower arrangement. The proceeds fund (1) a dedicated AI fibre corridor across India's southern corridor linking AI zones in Mumbai, Chennai and Hyderabad, and (2) the India–Southeast Asia (I-2SEA) subsea cable system expansion to Singapore and Malaysia, co-developed with Microsoft, Tata Communications, Singtel, and NEC. The transaction responds to…

Why it mattersCo-borrower structure in large infrastructure debt highlights how lenders address multi-entity operational and security frameworks in network-critical projects where segment guarantees and cross-entity recourse are strategically deployed; the fully underwritten 10-year tenor reflects IndusInd's confidence in AI-driven capex-heavy telecom infrastructure, and JSA's documentation of operational security architecture across funded and non-funded facilities is the precedent for multi-tranche infra lending in India's digital backbone build.
CounselJSA Advocates and Solicitors
SectorTechnology
Value₹2,500 cr
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