Canada's CPP Investments forms joint venture with Indian data center firm CtrlS

Investment firm Canada Pension Plan Investment Board (CPP Investments) is investing in Indian data center firm CtrlS.

The Canadian pension fund this week announced a strategic partnership with CtrlS Datacenters, committing up to INR 70 billion (US$740.8 million) to scale the operator’s footprint.

– CtrlS Datacenters

As part of the partnership, CPP will invest INR 40 billion ($423.3 million) to acquire an 8.2 percent stake in CtrlS.

CPP Investments and CtrlS will also form a joint venture to develop hyperscale data center campuses across India, with CPP Investments committing up to INR 30 billion ($317.5m) to the JV. CPP will hold 48 percent equity ownership in the JV, with CtrlS owning the remaining 52 percent.