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Market Chatter: CapitaLand India Trust to Buy Up to 33% of Sponsor's New India Data Centers

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CapitaLand India Trust (SGX:CY6U) has the right to acquire up to a third of future data centers acquired by its sponsor in India, according to a Bloomberg report on Wednesday, citing Chief Executive of trustee-manager, Gauri Shankar Nagabhushanam.

The potential acquisition of the stake will be funded from the trust's balance sheet, the report added.

The trust is developing three other data centers in India, which will be leased out over the next six months and handed over in 2027 or 2028, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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