Canada's CPP Investments to invest Rs 7,000 crore in CtrlS Datacenters, to form JV

New Delhi: CtrlS Datacenters has secured an investment commitment of up to Rs 7,000 crore from Canada Pension Plan Investment Board (CPP Investments) at a valuation of Rs 44,914 crore to scale up its operations in India.

As per the partnership, CPP Investments will inject Rs 4,000 crore to acquire an 8.2 per cent stake in CtrlS, and up to Rs 3,000 crore to set up a joint venture to develop hyperscale data centre campuses across the country.

CPP will hold a 48 per cent equity stake, while CtrlS will own the majority 52 per cent ownership in the JV, a statement said.

The capital infusion aims to accelerate the development of next-generation data centre infrastructure to cater to the surging demand from hyperscalers, cloud service providers, and artificial intelligence (AI) applications in India.

“India’s AI moment is not on the horizon, it is already here. The demand signals from hyperscalers, cloud service providers, and enterprises are clear and unmistakable…Our partnership with CPP Investments…(is) not merely expanding capacity but also establishing the benchmark for AI-ready infrastructure in one of the world’s most significant digital markets,” said Sridhar Pinnapureddy, Founder and CEO of CtrlS Datacenters.

Founded in 2007, CtrlS operates 19 data centres across nine Indian markets with a combined capacity of over 370 MW. The company has 4.4 GW of projects at various stages of execution and has announced plans for overseas expansion into the Middle East and Southeast Asia, starting with Thailand.

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