CapitaLand India Trust Sells 20.2% Stake in Data Centers for Rs 702 Crore to CIDCF
CapitaLand India Trust has sold a 20.2% stake in three under-construction data centers to the CapitaLand India Data Centre Fund for Rs 702 crore. This strategic divestment aims to monetize asset value early in the development process, enhancing financial flexibility and supporting future projects while retaining a significant stake in the assets.
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CapitaLand India Trust has sold a 20.2% stake in three under-construction data centers for Rs 702 crore to the CapitaLand India Data Centre Fund (CIDCF). This sale is part of a strategy to monetize asset value early in the development lifecycle, supporting future development pipelines and enhancing financial flexibility. The partial divestment allows CapitaLand India Trust to unlock value while retaining a significant stake in the assets.
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