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The latest update is out from CapitaLand Investment Limited ( (SG:9CI) ).
CapitaLand Investment Limited has achieved a first close of approximately S$150 million for its CapitaLand India Data Centre Fund, anchored by a global institutional investor and supported by a general partner commitment from the company, as it targets a final fund size of around S$300 million to expand its presence in India’s major data centre hubs. Using proceeds from this first close, the fund will acquire a 20.2% stake in each of three AI-ready, power-secured data centres in Mumbai, Chennai and Hyderabad from CapitaLand India Trust for about S$99.73 million, gaining exposure to a combined gross capacity of 200MW and securing a right of first offer on a fourth Bangalore data centre, thereby strengthening CapitaLand’s positioning in India’s fast-growing digital infrastructure market and supporting demand from hyperscalers and large enterprises.
The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.65 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.
More about CapitaLand Investment Limited
CapitaLand Investment Limited is a leading global real asset manager with a dedicated focus on data centre development in high-growth markets such as India. Through specialised funds like the CapitaLand India Data Centre Fund, the company targets key data centre corridors serving hyperscalers and large enterprise clients, with an emphasis on AI-ready, sustainably designed infrastructure.
Average Trading Volume: 10,601,211
Technical Sentiment Signal: Buy
Current Market Cap: S$13.83B
For detailed information about 9CI stock, go to TipRanks’ Stock Analysis page.