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Lightstorm secures a Rs 2,500 crore debt facility to expand its AI-focused fibre network across India and connect it with Singapore and Malaysia.
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Lightstorm had last year raised Rs 700 crore from NIIF Infrastructure Finance Limited (NIIF IFL). Gupta said the earlier borrowing is likely to be refinanced through the new IndusInd Bank facility.
Lightstorm will deploy the capital to construct network infrastructure across India's southern corridor and expand its I-2SEA subsea cable system to Southeast Asia, Japan, and the US.