Blackstone to Acquire India-Based Cloud Infrastructure Provider Lumina CloudInfra

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.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

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.