Blackstone to Acquire India-Based Cloud Infrastructure Provider Lumina CloudInfra
Detailed Analysis
Blackstone-Backed AirTrunk Nears Deal to Acquire India-Focused Data Centre Developer Lumina CloudInfra
AirTrunk, a hyperscale data centre platform backed by private equity firm Blackstone, is in final stage negotiations to acquire Lumina CloudInfra, a developer of large-scale data centres focused on the Indian market. According to multiple industry sources, the deal is expected to mark AirTrunk's entry into India, one of the world's fastest-growing digital and AI infrastructure markets.
The acquisition is part of AirTrunk's broader Asia Pacific expansion strategy, with the company expected to invest up to $5 billion over time into Lumina's portfolio. Lumina operates across three key Tier 1 data centre markets in India: Mumbai, Chennai, and Hyderabad. The company is positioned as a scaled platform catering to enterprise and hyperscale demand.
The development follows Blackstone and Canada Pension Plan Investment Board's agreement in late 2024 to acquire AirTrunk for over $16 billion, one of the largest digital infrastructure buyouts globally. AirTrunk's expansion into India is aimed at tapping into rising demand driven by artificial intelligence.
| Company | Acquisition Price | | --- | --- | | AirTrunk | Over $16 billion | | | |
| Data Centre Markets | Location | | --- | --- | | Mumbai | Tier 1 data centre market | | Chennai | Tier 1 data centre market | | Hyderabad | Tier 1 data centre market |
AirTrunk's CEO, Robin Khuda, had previously announced plans to build out the company's next data centre in India to capitalise on rising demand. Additionally, AirTrunk has been exploring a potential Singapore REIT listing, as reported by Bloomberg on April 2.
Investor Takeaway
Investors should monitor the deal's progress and potential impact on the Indian data centre market.
