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Cartis diligence evidence schedule

PDG MU2 Navi Mumbai

PRJ-0477 · Site · Navi Mumbai, Maharashtra, India

Record last updated Oct 28, 2026

Scope and capacity

PDG MU2 Navi Mumbai is one approximately 10-acre, five-story physical facility. It is separate from MU1's five-building Airoli campus and from PDG's 210 MW India acquisition and 1 GW country portfolio.

Headline: 120 MW Planned critical IT

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Site area · 10 acres approximate

Source report · PDG MU2 Navi Mumbai (Project)

Claim 45899 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. PDG breaks ground on latest Mumbai data center

    Data Center Dynamics · Document date: Apr 10, 2026 · Primary

    Source reference: SRC-2528

    Source URL

    https://www.datacenterdynamics.com/en/news/pdg-breaks-ground-on-latest-mumbai-data-center/

  2. PDG India Data Centers — MU2 Facility

    Princeton Digital Group · Document date: Not stated · Primary

    Source reference: SRC-2527

    Source URL

    https://princetondg.com/locations/india/

Building count · 1 facility

Source report · PDG MU2 Navi Mumbai (Project)

Claim 45900 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. PDG breaks ground on latest Mumbai data center

    Data Center Dynamics · Document date: Apr 10, 2026 · Primary

    Source reference: SRC-2528

    Source URL

    https://www.datacenterdynamics.com/en/news/pdg-breaks-ground-on-latest-mumbai-data-center/

  2. PDG India Data Centers — MU2 Facility

    Princeton Digital Group · Document date: Not stated · Primary

    Source reference: SRC-2527

    Source URL

    https://princetondg.com/locations/india/

Building storeys · 5 storeys

Source report · PDG MU2 Navi Mumbai (Project)

Claim 45901 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. PDG breaks ground on latest Mumbai data center

    Data Center Dynamics · Document date: Apr 10, 2026 · Primary

    Source reference: SRC-2528

    Source URL

    https://www.datacenterdynamics.com/en/news/pdg-breaks-ground-on-latest-mumbai-data-center/

  2. PDG India Data Centers — MU2 Facility

    Princeton Digital Group · Document date: Not stated · Primary

    Source reference: SRC-2527

    Source URL

    https://princetondg.com/locations/india/

Critical IT design capacity · 120 MW

Planned / design or future potential · PDG MU2 Navi Mumbai (Project)

Claim 45902 · Recorded claim type: Design · Review: Approved · Claim date: Not stated

Headline treatment: Selected headline

  1. PDG breaks ground on latest Mumbai data center

    Data Center Dynamics · Document date: Apr 10, 2026 · Primary

    Source reference: SRC-2528

    Source URL

    https://www.datacenterdynamics.com/en/news/pdg-breaks-ground-on-latest-mumbai-data-center/

  2. PDG India Data Centers — MU2 Facility

    Princeton Digital Group · Document date: Not stated · Primary

    Source reference: SRC-2527

    Source URL

    https://princetondg.com/locations/india/

Colocation area · 18,880 square metres

Source report · PDG MU2 Navi Mumbai (Project)

Claim 45903 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. PDG India Data Centers — MU2 Facility

    Princeton Digital Group · Document date: Not stated · Primary

    Source reference: SRC-2527

    Source URL

    https://princetondg.com/locations/india/

Network model · Carrier neutral

Actual · PDG MU2 Navi Mumbai (Project)

Claim 45904 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. PDG India Data Centers — MU2 Facility

    Princeton Digital Group · Document date: Not stated · Primary

    Source reference: SRC-2527

    Source URL

    https://princetondg.com/locations/india/

Location · Navi Mumbai region

Actual · PDG MU2 Navi Mumbai (Project)

Claim 45905 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. PDG India Data Centers — MU2 Facility

    Princeton Digital Group · Document date: Not stated · Primary

    Source reference: SRC-2527

    Source URL

    https://princetondg.com/locations/india/

Land acquired · 2026-03

Actual · PDG MU2 Navi Mumbai (Project)

Claim 45906 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. PDG breaks ground on latest Mumbai data center

    Data Center Dynamics · Document date: Apr 10, 2026 · Primary

    Source reference: SRC-2528

    Source URL

    https://www.datacenterdynamics.com/en/news/pdg-breaks-ground-on-latest-mumbai-data-center/

Construction started · 2026-04

Actual · PDG MU2 Navi Mumbai (Project)

Claim 45907 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. PDG breaks ground on latest Mumbai data center

    Data Center Dynamics · Document date: Apr 10, 2026 · Primary

    Source reference: SRC-2528

    Source URL

    https://www.datacenterdynamics.com/en/news/pdg-breaks-ground-on-latest-mumbai-data-center/

Power secured · True

Source report · PDG MU2 Navi Mumbai (Project)

Claim 45911 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. PDG Acquires 210 MW in India, Advancing Toward a 1 GW Portfolio in the Country

    Princeton Digital Group · Document date: Mar 24, 2026 · Primary

    Source reference: SRC-2526

    Source URL

    https://princetondg.com/newsroom/pdg-acquires-210-mw-in-india-advancing-toward-a-1-gw-portfolio-in-the-country/

Key land approvals in place · True

Source report · PDG MU2 Navi Mumbai (Project)

Claim 45912 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. PDG Acquires 210 MW in India, Advancing Toward a 1 GW Portfolio in the Country

    Princeton Digital Group · Document date: Mar 24, 2026 · Primary

    Source reference: SRC-2526

    Source URL

    https://princetondg.com/newsroom/pdg-acquires-210-mw-in-india-advancing-toward-a-1-gw-portfolio-in-the-country/

Mu1 green financing applies · False

Source report · PDG MU2 Navi Mumbai (Project)

Claim 45913 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. PDG Secures ~USD 160 Million Green Loan for Mumbai Data Center Campus

    Princeton Digital Group · Document date: Jul 30, 2025 · Primary

    Source reference: SRC-2531

    Source URL

    https://princetondg.com/newsroom/princeton-digital-group-secures-usd-160-million-green-loan-for-mumbai-data-center-campus/

Mu1 time matched cfe program applies · False

Source report · PDG MU2 Navi Mumbai (Project)

Claim 45914 · Recorded claim type: Not stated · Review: Approved · Claim date: Not stated

  1. PDG partners on time-matched carbon-free energy at Mumbai data center campus

    Princeton Digital Group · Document date: Sep 18, 2025 · Primary

    Source reference: SRC-2532

    Source URL

    https://princetondg.com/newsroom/princeton-digital-group-partners-with-flexidao-and-tata-power-renewables-to-pioneer-time-matched-carbon-free-energy-at-mumbai-data-center-campus/

Counterparties and capital

Mubadala Investment Company · Investor · CMP-1175

Ontario Teachers' Pension Plan · Investor · CMP-1174

Princeton Digital Group · Operator · CMP-1172

Stonepeak · Investor · CMP-1176

Warburg Pincus · Investor · CMP-1173

Sustainability linked holdco facility

$750,000,000 · Mar 11, 2026

Closed PDG regional platform facility; no MU2 allocation. Separate from the planned up-to-USD5bn debt raise.

Deutsche Bank (Lending consortium member) · Princeton Digital Group (Borrower / financed platform)

Sources (1)

Financing record 137; claim-specific source links appear in the exhibit sources where published.

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.