Key facts
- CPP Investments will invest up to ₹70 billion ($741 million) in CtrlS.
- CPP Investments will acquire an 8.2% stake in CtrlS.
- A joint venture will be formed to develop hyperscale data center campuses in India.
- The investment targets India's AI data center expansion.
- CtrlS is an Indian data center operator.
CPP Investments, the investment arm of the Canada Pension Plan, is set to invest up to ₹70 billion, equivalent to $741 million, in the Indian data center company CtrlS. This strategic investment will result in CPP Investments acquiring an 8.2% ownership stake in CtrlS. Furthermore, the two entities will form a joint venture aimed at developing large-scale hyperscale data center campuses across India. This initiative is designed to meet the escalating demand for advanced data infrastructure, especially for artificial intelligence workloads. The expansion is expected to bolster India's capabilities in hosting and processing data for AI applications, a sector experiencing rapid growth. The partnership underscores the increasing global interest in India's digital economy and its potential for significant growth in technology infrastructure.