AirTrunk, the Asia-Pacific hyperscale data center operator majority-owned by Blackstone, has agreed to acquire Indian data center developer Lumina CloudInfra in a transaction that marks AirTrunk's entry into the Indian market, according to Bloomberg. Bloomberg reports the deal values Lumina at more than $1 billion.
Deal terms as reported
Bloomberg reports that the acquisition will give AirTrunk an operating footprint in India, where Lumina has been developing data center capacity to serve domestic cloud and enterprise customers. Specific deal structure, regulatory approval timelines, and the identity of financial advisers were not detailed in the Bloomberg article as published.
Telecompaper, citing the transaction announcement, reports that the acquisition is intended to accelerate AirTrunk's buildout of hyperscale capacity on the subcontinent, with Lumina's existing development pipeline forming the basis of that expansion. Neither AirTrunk nor Lumina has disclosed the purchase price in a public filing as of publication, and the $1 billion-plus figure cited by Bloomberg has not been confirmed by the companies on the record.
DeepBrief has not independently verified the financial terms. The reported valuation should be treated as an unconfirmed figure pending disclosure by the parties or their advisers.
Context: AirTrunk under Blackstone ownership
AirTrunk was acquired by a consortium led by Blackstone, with Canada Pension Plan Investment Board as a minority partner, in a deal valued at A$24 billion (roughly $16 billion at the time) that closed in 2024, according to DatacenterDynamics. That transaction, one of the largest data center deals on record in Asia-Pacific, was positioned by Blackstone as a platform bet on hyperscale demand driven by cloud and AI workloads across the region.
Since closing, AirTrunk has continued to expand its footprint. DatacenterDynamics reports that the company acquired a Melbourne site in 2025 for a 354MW data center development, part of a broader capacity push across Australia, Japan, Singapore, Malaysia, and Hong Kong.
The Lumina transaction represents AirTrunk's first announced move into India since the Blackstone-led takeover, according to Bloomberg.
Lumina CloudInfra's positioning
Fortune India reports that Lumina CloudInfra is an Indian data center developer focused on hyperscale campuses, and that the AirTrunk acquisition marks the company's entry into the Indian data center market. According to Fortune India, Lumina has been building out capacity aimed at cloud providers and large enterprise tenants.
The companies have not publicly disclosed Lumina's installed IT load, development pipeline in megawatts, or customer contracts as part of the announcement coverage reviewed for this article. Those figures, along with the specific sites changing hands, are material to evaluating the transaction and have not been independently verified by DeepBrief.
India data center market backdrop
India's data center sector has drawn expanding commitments from global operators and private equity sponsors over the past two years. Blackstone itself has multiple Indian real estate and infrastructure holdings, and the Lumina transaction would add a hyperscale data center platform to its Indian portfolio alongside AirTrunk's broader Asia-Pacific operations.
Telecompaper and Fortune India both frame the deal as part of a wider pattern of foreign capital entering the Indian data center market to serve hyperscale cloud tenants and, increasingly, AI training and inference workloads. Neither outlet published a confirmed figure for Lumina's revenue, EBITDA, or contracted capacity.
What remains undisclosed
As of publication, the following have not been publicly disclosed or independently verified: the final purchase price, the expected closing date, required regulatory approvals in India, financing structure, and any management or retention arrangements for Lumina's leadership team. AirTrunk Chief Executive Robin Khuda and Blackstone representatives have not been quoted on the record in the coverage reviewed for this article, and Lumina's executives have not issued public statements available in the source material.
DeepBrief will update this story when the companies, Blackstone, or Indian regulators release additional documentation confirming terms.
