CapitaLand India Trust to divest 20% stake in three data centres

Property trust CapitaLand India Trust (CLINT) has decided to divest 20.2% stake in three data centres assets to CapitaLand India Data Centre Fund (CIDCF). Under the deal, which is valued at ₹7.02 billion (~$78 million), the three data centres include CapitaLand DC Mumbai Tower 1 and Tower 2, CapitaLand DC Chennai, and CapitaLand DC Hyderabad. Except for Mumbai Tower 1, all the other infrastructures are under development.

In September 2025, CLINT divested CyberVale in Chennai and CyberPearl in Hyderabad, the Trust’s first divestment since its listing in Singapore in 2007.  The divestment of the partial stake in CLINT’s data centre portfolio further reinforces the Trust’s commitment to unlock value by monetising and realising the value of its developments to strengthen its balance sheet. 

The total purchase consideration iis based on 20.2% of the total enterprise value of ₹51.97 billion, which will be adjusted for liabilities, working capital, capital expenditure, and is subject to post-completion adjustments. The enterprise value, negotiated on a willing-buyer and willing-seller basis, is at a premium to the independent valuation of ₹45.70 billion.

 “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,” said Gauri Shankar Nagabhushanam, Chief Executive Officer of CLINT. 

“The partnership with CIDCF also provides CLINT the right to participate in a partial stake in future data centre 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.”