Archive · 31 Dec 2025
CapitaLand raises S$150 million for India data centres
CapitaLand Investment Ltd and CapitaLand India Trust (CLINT) have raised S$150 million for a new fund called CIDCF.
This fund will buy a 20.2% stake in three big data centres in Navi Mumbai, Hyderabad, and Chennai.
These data centres are either already working or being built and can provide a lot of power.
The fund plans to raise more money, up to S$300 million, and might also get a chance to invest in a fourth data centre in Bengaluru.
CLINT is selling part of its stake to get money earlier and keep some for future growth.
This is important because India's need for data centres is growing fast due to more cloud use and new technology.
CapitaLand Investment Ltd raised S$150 million at the first close of its CapitaLand India Data Centre Fund (CIDCF).
The fund will acquire a 20.2% interest in three data centre assets in Navi Mumbai, Hyderabad, and Chennai for S$99.73 million.
The data centres have a combined gross power capacity of 200 MW and are either operational or under development.
The fund is targeting a final close of around S$300 million and has a right of first offer for a fourth data centre in Bengaluru.
India's data centre capacity is expected to double by 2027 due to cloud adoption, data localization, and AI growth.
- Who
- CapitaLand Investment Ltd and CapitaLand India Trust (CLINT)
- What
- Raised S$150 million for the CapitaLand India Data Centre Fund (CIDCF) and divested a 20.2% stake in three data centres
- When
- First close announced on Wednesday, December 31, 2025
- Where
- India (Navi Mumbai, Hyderabad, Chennai)
- Why
- To focus on data centre development opportunities in India and enhance financial flexibility
CapitaLand India Trust
CapitaLand India Data Centre Fund
Divestment Strategy
CapitaLand India Trust
CLINT aims to unlock value earlier in the development cycle while retaining a significant stake to support its development pipeline and enhance financial flexibility.
CapitaLand India Data Centre Fund
CIDCF focuses on acquiring stakes in data centre assets to capitalize on India's growing data centre market.
- Fund Name
- CapitaLand India Data Centre Fund (CIDCF)
- First Close Amount
- S$150 million ($117 million)
- Target Final Close
- S$300 million ($234 million)
- Acquisition Consideration
- S$99.73 million ($78 million) or ₹702 crore
- Data Centre Locations
- Navi Mumbai, Hyderabad, Chennai
- Combined Gross Power Capacity
- 200 megawatts (MW)
- Investor Types
- Global institutional investor, CapitaLand Investment
- Enterprise Value
- ₹5,197 crore (as of December 31, 2025)
- Independent Valuation
- ₹4,570 crore (as of December 31, 2025)
