Jan 04, 2026 | Posted by Abdul-Rahman Oladimeji
New Year’s Eve saw CapitaLand Investment Limited (CLI) announce it has successfully raised approximately S$150 million (US$115m) equity in the first close of its CapitaLand India Data Centre Fund (CIDCF), which is focused on data center development opportunities within India’s “key data center corridors."
The same day, CapitaLand India Trust (CLINT) announced it has entered into definitive agreements to divest 20.2 percent stakes in three data center assets under development to CIDCF for an estimated total purchase consideration of Rs 7.02 billion (S$99.73 million/US$77.5m).
Gauri Shankar Nagabhushanam, CEO of CapitaLand India Trust Management Pte. Ltd. (the trustee-manager of CLINT), said: “The partial divestment reflects continued execution of our portfolio reconstitution strategy. By unlocking value earlier in the development cycle, while retaining a significant stake in the assets, we are able to support our development pipeline and enhance financial flexibility.”
He continued: “We are pleased to be partnering with CIDCF and remain invested in the future growth of India’s data center sector through our remaining stake in the portfolio. The partnership with CIDCF also provides CLINT the right to participate in a partial stake in future data center developments by our sponsor and potentially buy back the assets or explore exit options such as an initial public offering of the assets. Post-transaction, CLINT remains well-positioned to pursue accretive and higher-yielding investment growth opportunities in key India cities to create value for our unitholders.”
