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An announcement from Capitaland India Trust ( (SG:CY6U) ) is now available.
CapitaLand India Trust has signed a second long-term agreement with a leading global hyperscaler for Tower 2 of its CapitaLand DC Navi Mumbai facility in Airoli, taking pre-leasing to 53% of the total gross power capacity across its three under-development data centres in Navi Mumbai, Hyderabad and Chennai. This milestone, combined with CLINT’s ongoing portfolio reconstitution and recent partial divestment of stakes in three data centres to the CapitaLand India Data Centre Fund, is intended to unlock value, strengthen portfolio quality and recycle capital into higher-yielding opportunities while maintaining a 79.8% interest in the data centre portfolio and securing rights to participate in future data centre developments in India, reinforcing its role as a key player in the country’s digital infrastructure build-out.
The most recent analyst rating on (SG:CY6U) stock is a Buy with a S$1.50 price target. To see the full list of analyst forecasts on Capitaland India Trust stock, see the SG:CY6U Stock Forecast page.
More about Capitaland India Trust
CapitaLand India Trust (CLINT) is a Singapore-listed business trust focused on income-producing real estate in India, with a growing emphasis on data centre infrastructure. Leveraging CapitaLand’s vertically integrated capabilities in design, development and operations, CLINT targets the country’s rapidly expanding digital solutions market and global hyperscaler demand, positioning its data centres in key hubs such as Navi Mumbai, Hyderabad and Chennai.
Average Trading Volume: 2,158,092
Technical Sentiment Signal: Buy
Current Market Cap: S$1.68B
See more insights into CY6U stock on TipRanks’ Stock Analysis page.