Yotta Data Services Moves Closer to Public Listing Through Cartica Acquisition Corp Business Combination
Nidar Infrastructure Limited's Yotta Data Services advances toward becoming a publicly-traded company through a business combination with Cartica Acquisition Corp, positioning India as a global hub for AI and cloud infrastructure.
The registration statement on Form F-4 filed with the Securities and Exchange Commission in connection with the proposed business combination between Cartica Acquisition Corp and Nidar Infrastructure Limited, parent of Yotta Data Services, has become effective. This development marks a significant step toward Yotta becoming a publicly-listed entity, with the combined company expected to trade on The Nasdaq Global Market under ticker symbols "YTTA" and "YTTAW" upon completion of the transaction.
Sunil Gupta, co-founder and CEO of Nidar and Yotta, emphasized the importance of this milestone, stating it positions the company to execute on its vision to build India's most trusted and globally competitive AI and cloud infrastructure platform. The company's fully integrated 'concrete-to-cloud' capabilities span hyperscale data centers, sovereign cloud platforms, and AI compute services, creating what management believes is a foundation capable of meeting the world's most demanding digital workloads.
Darshan Hiranandani, co-founder of Nidar and Director of Nidar's largest shareholder, highlighted Yotta's recent achievements, including expanded partnerships with NVIDIA and Microsoft, collaborations with leading central government institutions, large banks, enterprises and research institutes, and delivery of more than half of the GPU capacity to the IndiaAI Mission. The company has also pioneered sovereign cloud innovation through platforms like Shakti Cloud and Yntraa Cloud. These developments signal Yotta's growing influence in India's technology infrastructure landscape.
Suresh Guduru, CEO of Cartica, expressed confidence in the partnership, noting the immense potential of India's technology infrastructure and AI ecosystem. The business combination is expected to position Yotta to accelerate its growth, expand access to global capital markets, and capture a leading role in powering digital transformation in India and beyond. A copy of the Registration Statement can be accessed via the SEC website at https://www.sec.gov.
Cartica has scheduled an extraordinary general meeting of shareholders for November 28, 2025, to approve the proposed business combination and related matters. The meeting will be conducted via live audio webcast at https://www.cstproxy.com/carticaspac/egm2025. Shareholders of record as of November 3, 2025, will be entitled to vote on the transaction, with the Cartica Board of Directors unanimously recommending approval of the proposed business combination.
The proposed business combination comes at a time when India is rapidly emerging as a significant player in global technology infrastructure. Yotta's focus on AI high performance computing and sovereign cloud platforms aligns with national initiatives like the IndiaAI Mission, positioning the company to benefit from both domestic digital transformation and global demand for AI infrastructure. The transaction represents a significant development in India's technology sector, potentially setting a precedent for other infrastructure companies seeking public markets access.