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Capitaland India Trust ( (SG:CY6U) ) has issued an announcement.
CapitaLand India Trust (CLINT) has signed a long-term agreement with a leading global hyperscaler, pre-leasing about half of its 250 MW data centre capacity under development. This milestone deal highlights CLINT’s strategic expansion into data centre infrastructure, positioning the company to capitalize on India’s increasing digitalisation needs and enhancing its market presence. The agreement underscores CLINT’s capabilities in delivering world-class data centre solutions and aligns with its goal to drive long-term value for stakeholders by accelerating leasing momentum and strategic divestments.
More about Capitaland India Trust
CapitaLand India Trust (CLINT) operates in the real estate and infrastructure industry, focusing on data centres and critical infrastructure to meet growing digitalisation demands in India. The company leverages its expertise in designing, developing, and operating state-of-the-art data centres, with a strategic emphasis on serving hyperscale and enterprise customers.
YTD Price Performance: -2.69%
Average Trading Volume: 28,408
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.06B
Learn more about CY6U stock on TipRanks’ Stock Analysis page.
