Centre May Acquire 1-2% Stake In Sarvam Post $300 Mn Raise: Report

The central government may end up acquiring a 1-2% stake in AI unicorn Sarvam once its $300 Mn funding round is closed. According to an ET report, the acquisition pertains to compute infrastructure provided by the government to Sarvam as part of the IndiaAI Mission. The government had received compulsorily convertible debentures (CCDs) in return for the compute infrastructure.