TLH Advises CtrlS Datacenters in USD 1 Billion Strategic Partnership with CPP Investments
TLH, Advocates & Solicitors advised CtrlS Datacenters Ltd. in its landmark strategic partnership with Canada Pension Plan Investment Board (CPP Investments), one of the world’s largest and renowned pension fund managers, involving a commitment of up to C$ 1 billion in India’s digital infrastructure sector.
The transaction comprises two components: a C$ 588 million equity investment by CPP Investments for an 8.2% stake in CtrlS Datacentres Ltd., and a C$ 441 million joint venture between CPP Investments and CtrlS to develop and operate data centre campuses across India. The partnership positions CtrlS to accelerate its hyperscale build-out as demand for AI and cloud infrastructure in India continues to grow at pace.
The transaction reflects strong international investor confidence in India’s digital infrastructure growth story and demonstrates the rising appetite among sovereign wealth funds and pension capital for high-quality, large-scale infrastructure assets that offer stable and long-term returns in the Indian market.
TLH acted as legal counsel to CtrlS Datacentres Ltd., advising across the full spectrum of the transaction, including deal structuring, transaction documentation, and competition law advisory in connection with the investment and joint venture arrangements.
The TLH team was led by Founder & Managing Partner Shailendra Komatreddy and Partner Prateek Batra and comprised Associates Anirudh Krishna and Vanshika Gupta, with competition advisory provided by Mathew George.
