CPP Investments commits C$1 billion to CtrlS for equity stake and hyperscale datacenter joint venture in India

PE / VC 17 Jun 2026· ₹7,000 cr (C$1 bn / ~$741 mn) · Announced· ✓ Verified

This is CtrlS's first fundraise from an institutional player; prior funding came from family and friends. The deal values CtrlS at a pre-money valuation of $4.7 billion. The ₹4,000 crore equity will fund capacity building; the company currently has 1.2 GW under construction and 3 GW+ in planning stages with land and power secured. CtrlS has signed definitive agreements, marking deal completion.

Why it mattersCross-border infrastructure JV marks first institutional capital raise for CtrlS; signals global pension capital's confidence in India's hyperscale datacenter buildout and poses precedent for dual-structure equity-plus-JV deals in digital infrastructure.
CounselAnagram Partners, TLH, Advocates & Solicitors
SectorInfrastructure
Value₹7,000 cr (C$1 bn / ~$741 mn)
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