Singapore-listed CapitaLand India Trust (CLINT) has sold 20.2% stakes in three data centre properties under development to CapitaLand India Data Centre Fund (CIDCF) for nearly Rs 700 crore.
Strategic Divestment at a Premium Valuation
The total purchase value of the three data centres is based on 20.2% of the total enterprise value of Rs 5197 crore as of December 31 2025 which will be adjusted for liabilities, working capital, capital expenditure, and is subject to post-completion adjustments, CapitaLand said on Wednesday.
The data centres are based in Navi Mumbai, Hyderabad and Chennai.
The enterprise value, negotiated on a willing-buyer and willing-seller basis, is at a premium to the independent valuation of Rs 4570 crore as at 31 December 2025, it said.
CapitaLand India Data Centre Fund (CIDCF) raised nearly S$150 million in its first close. CIDCF focuses on data centre development opportunities within India’s key data centre corridors. The fund anchored by a third-party global institutional investor, with a GP commitment from CLI CapitaLand Investment (CLI) , the fund’s asset manager. The fund is targeting a final close of nearly S$300 million.
In. September 2025, CLINT had divested CyberVale in Chennai and CyberPearl in Hyderabad, the Trust’s first divestment since its listing in 2007.
Gauri Shankar Nagabhushanam, Chief Executive Officer of CapitaLand India Trust Management, 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.”
Fueling Growth
“We are pleased to be partnering with CIDCF and remain invested in the future growth of India’s data centre 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 centre developments by our sponsor and potentially buy back the assets or explore exit options such as an initial public offering of the assets,” Nagabhushanam, said
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, Nagabhushanam, said
