CapitaLand India Trust Completes Divestment and Forms Joint Venture for Data Centre Assets

Key Highlights

• Completion of Strategic Divestment: CapitaLand India Trust (CLINT), managed by CapitaLand India Trust Management Pte. Ltd. (CLINTMPL), has successfully completed the divestment of a 20.2% interest in three data centre assets.
• Joint Venture Established: This transaction also marks the establishment of a new joint venture related to these data centre assets.
• Assets Involved: The affected entities are Minerva Veritas Datacentre Private Limited, ITPH Datacentre Private Limited, and Datascape Realty Private Limited.
• Post-Completion Holdings: Following this transaction, CLINT retains a 79.8% interest in each of the three companies, while the respective Purchaser SPVs collectively hold the remaining 20.2%.
• Transaction Date: The divestment and joint venture completion were announced on 27 February 2026.

Details for Shareholders and Potential Share Price Impact

• Strategic Repositioning: The divestment represents a significant step in CLINT’s strategy to recycle capital and partner with strategic investors, which could potentially enhance the value of its portfolio and unlock further growth in the high-demand data centre segment.
• Ongoing Majority Control: Despite the sale of a minority interest, CLINT maintains majority control (79.8%) over the three data centre entities, ensuring continued influence over operational and strategic decisions.
• Potential for Future Collaborations: The joint venture structure may pave the way for future collaborations and funding opportunities, potentially accelerating asset enhancement and expansion plans.
• Possible Share Price Sensitivity: Investors should note that such transactions, which involve partial divestment of valuable assets and the formation of joint ventures, can be price sensitive. The market’s perception of capital recycling, balance sheet strengthening, and growth prospects in the data centre sector could influence CLINT’s share value.

Forward-Looking Statements and Risks

This announcement contains forward-looking statements, subject to various risks and uncertainties. Key risks include changes in economic and industry conditions, interest rate trends, availability of capital, competition, changes in customer demand, operating expenses, governmental policies, and access to future financing. Investors are advised not to place undue reliance on these projections, as actual results may differ materially.

Other Important Investor Information

• Units Not Redeemable on Demand: Unitholders cannot request direct redemption of their units while listed; units may only be traded on the Singapore Exchange (SGX-ST).
• No Guarantee of Liquidity: Listing does not guarantee a liquid market for the units.
• Investment Risks: The value and income from units may fluctuate, and investments are subject to risk, including the potential loss of principal.
• Past Performance Not Indicative: Historical performance should not be used as an indicator of future results.
• Regulatory Note: This announcement has not been reviewed by the Monetary Authority of Singapore.

Conclusion

The completion of this divestment and joint venture marks a pivotal development for CapitaLand India Trust. By entering into a partnership structure and recycling capital, CLINT is well-positioned to capitalize on future growth in the data centre sector, a segment experiencing robust demand. This move is likely to attract significant investor attention, as it could impact both the income profile and valuation of the trust.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. All forward-looking statements are subject to risks and uncertainties, and actual results may differ. Investors should conduct their own due diligence or consult a financial advisor before making investment decisions.

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