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The Canada Pension Plan Investment Board’s 70-billion-rupee buy includes $588 million for a 8.2 per cent equity stake in the Hyderabad-based company, plus $441 million for 48 per cent of a new joint venture to build new AI infrastructure. (The Logic)
Talking point: CtrlS currently operates 19 data centres with a combined 370 megawatts of capacity; for comparison, that’s about as much as Bell currently expects to sell across Canada over the next three years. The Indian firm plans to add another two gigawatts by 2030, as demand for AI tools and services is projected to soar. CPP Investments has bet big on the Indian market, and on the country’s rapidly expanding base of tech users, backing app makers and buying digital infrastructure assets like telecom towers. In the Asia-Pacific region, the pension plan has already done deals for operators with data centres in Australia, Hong Kong, Japan, Malaysia, Singapore and South Korea.
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