The Canada Pension Plan Investment Board (CPP) Investments has announced a CA$ 1 billion (US$ 708 million) investment in CtrlS Datacenters Ltd, a leading Indian data centre operator.
The investment will see CPP Investments acquire an 8.2% stake in CtrlS and form a joint venture to develop hyperscale data centre campuses across India.
The partnership aims to speed up the development of next-generation data centre infrastructure to meet rising demand from hyperscalers, cloud services, AI applications, and India's rapidly expanding digital economy.
CPP Investments has over CA$ 27 billion in net assets and is among the largest international institutional investors in India.
CtrlS founder and CEO Sridhar Pinnapureddy said the partnership will establish the benchmark for AI-ready infrastructure in one of the world's most significant digital markets.
