CapitaLand India Trust (CLINT) has entered into agreements to divest minority stakes in three under-development data centre assets to the CapitaLand India Data Centre Fund (CIDCF), which is managed by CapitaLand Investment (CLI).
Under the transaction, CIDCF will acquire a 20.2 per cent stake in each of the three data centre assets. As per CLI, the total purchase consideration for the deals is estimated at Rs 7 billion (around S$99.7 million).
As part of the arrangement, CIDCF will also receive a right of first offer to acquire a stake in CLINT’s fourth data centre project, CapitaLand DC Bangalore, located in Bengaluru. The divestment aligns with CLINT’s portfolio reconstitution strategy, aimed at unlocking value from its data centre developments while strengthening its balance sheet.
Further, CIDCF will finance the acquisitions using equity raised during its first close, which was anchored by a third-party global institutional investor and amounted to around S$150 million. The fund is targeting a final close size of S$300 million.
According to CLINT’s manager, the purchase consideration reflects 20.2 per cent of the combined enterprise value of the three data centres, estimated at Rs 52 billion as of December 31, 2025. The final amount will be subject to post-completion adjustments related to liabilities, working capital, and capital expenditure.
Additionally, this latest transaction follows CLINT’s divestment in September of two assets in Chennai and Hyderabad for Rs 11 billion, marking its first asset sale since its listing in 2007.
