SGX:CY6UReal Estate
Should CapitaLand India Trust’s Data Centre Stake Sale and Fund Tie-Up (SGX:CY6U) Require Investor Action?
CapitaLand Investment Limited recently raised about S$150 million in the first close of its CapitaLand India Data Centre Fund, which is acquiring a 20.2% stake in three data centres from CapitaLand India Trust for an estimated S$99.73 million and securing a right of first offer on a fourth Bangalore facility.
The transaction highlights how CapitaLand India Trust can recycle capital from its data centre portfolio while tapping fund investors' appetite for India’s growing digital...