
CapitaLand India Trust (CLINT) has sold a 20.2% stake in three under-construction data center assets for Rs 702 crore to the CapitaLand India Data Centre Fund (CIDCF). This divestment is part of CLINT's strategy to monetize asset value while retaining a significant stake, aiming to support its development pipeline and enhance financial flexibility. The transaction is based on an enterprise value of Rs 5,197 crore for the three assets.
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