The three data centres CIDCF is acquiring from CLINT has an estimated total purchase consideration of INR 7.02 billion ($99.73 million). The consideration is based on 20.2% of the total enterprise value of INR 51.97 billion ($738.2 million) as at Dec 31. The enterprise value is at a premium to the independent valuation of INR 45.70 billion ($649 million) as at Dec 31 and is negotiated on a willing-buyer and willing-seller basis.
CapitaLand Investment (CLI) says it has successfully raised $150 million equity in the first close of its CapitaLand India Data Centre Fund (CIDCF). CIDCF will acquire a 20.2% interest in three data centres from CapitaLand India Trust (CLINT) following the first close.
According to a Dec 31 bourse filing, CIDCF will focus on data centre development opportunities in India. The fund is anchored by a third-party global institutional investor with a GP commitment from CLI. It is targeting a final close of about $300 million.
