finance
Canada Pension Plan Commits Up to $715 Million for India Data Centers
Canada Pension Plan Investment Board will invest up to $715 million in CtrlS Datacenters Ltd. to expand data center capacity in India. The funds support construction of hyperscale facilities serving cloud and AI customers.
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Canada Pension Plan Investment Board will invest up to $715 million in Indian data center operator CtrlS Datacenters Ltd. to expand capacity for hyperscale and AI workloads.
2 percent stake in CtrlS. It will also commit up to $314 million to a joint venture that will develop hyperscale data center campuses in multiple Indian cities, giving CPP Investments 48 percent ownership in the new entity. The partnership targets rising demand from hyperscalers, cloud providers, and AI applications inside India's growing digital economy.
CtrlS operates data centers in India.
CPP Investments manages retirement assets for the Canada Pension Plan.
Transparency
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CorroborationLimited · 1 source
