CapitaLand India Data Centre Fund to acquire 20.2% interest in three data centres for S$99.73 million

CapitaLand Investment Limited (CLI) has completed the first close of its CapitaLand India Data Centre Fund (CIDCF), raising approximately S$150 million in equity to invest in data centre development opportunities across India’s key digital infrastructure corridors.

According to CLI, the fund’s first close was anchored by a third-party global institutional investor, alongside a general partner commitment from CLI. CIDCF is targeting a final close of around S$300 million.

Following the first close, the fund will acquire a 20.2% interest in each of three data centre assets from CapitaLand India Trust (CLINT) for an estimated total consideration of S$99.73 million (approximately ₹702 crore). CIDCF will also hold a right of first offer to acquire an interest in CLINT’s fourth data centre asset in Bengaluru, CapitaLand DC Bangalore.

Focus on AI-ready data centre infrastructure

The three data centres involved in the ...