CapitaLand Divests 20.2% Stake in Indian Data Centers to CapitaLand India Data Centre Fund
CapitaLand Investment Limited has raised approximately S$150 million for its CapitaLand India Data Centre Fund, coinciding with CapitaLand India Trust's divestment of a 20.2% stake in three developing data center assets for Rs 7.02 billion. The assets, located in Navi Mumbai, Chennai, and Hyderabad, include both completed and under-development facilities, with CIDCF also holding rights to a fourth site in Bangalore. This divestiture aims to enhance CLINT's balance sheet and facilitate further investments in India's expanding data center sector.
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CapitaLand Investment Limited (CLI) has raised approximately S$150 million (US$115 million) for its CapitaLand India Data Centre Fund (CIDCF) focused on data center opportunities in India. On the same day, CapitaLand India Trust (CLINT) announced the divestment of a 20.2% stake in three developing data center assets to CIDCF for Rs 7.02 billion (S$99.73 million/US$77.5 million).
The assets include sites in Navi Mumbai, Chennai, and Hyderabad, with CIDCF holding the right of first offer on a fourth site in Bangalore. The Mumbai sites include the completed CapitaLand DC Mumbai Tower 1 (50MW) and the under-development Tower 2 (55MW).
Other facilities under development are CapitaLand DC Chennai (55MW) and CapitaLand DC Hyderabad (42MW). The divestiture supports CLINT's strategy to enhance its balance sheet and pursue further investment opportunities in India’s growing data center sector.
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