AI ructions sharpen India’s data-centre edge
KKR•India’s data-centre market may give KKR an advantage as it seeks to sell its Indian portfolio, reportedly valued at more than $5.5 billion. The portfolio includes a 613-megawatt business in which STT GDC owns 74% and Tata Communications owns 26%.
1. India portfolio sale
India’s data centres are looking increasingly attractive as KKR seeks to sell its stake in STT Global Data Centres India. The portfolio’s valuation has been put at more than $5.5 billion, and the business comprises 34 data centres across 10 Indian cities with a total capacity of 613 megawatts.
2. Buildout advantages
The article says India remains relatively easy for large-scale data-centre construction and renewable-energy development. A buildout on powered land could take about two years, compared with three to six years in the United States. India’s total data-centre capacity is expected to grow fivefold to 8 gigawatts in three years, and foreign firms can receive a tax holiday lasting until 2047.
3. Potential buyers
STT GDC owns 74% of the Indian joint venture, alongside Tata Communications, which owns 26%. KKR and Tata had planned an initial public offering, but an outright sale may offer KKR a cleaner exit. Brookfield and Macquarie are among investors reportedly discussing a potential stake acquisition, though formal bids have yet to be submitted.
