Proposed Acquisition of Ascendas IT Park (Pune) Private Limited and Proposed Sponsor Subscription

News about CapitaLand India Trust
CapitaLand India Trust Management Pte. Ltd., in its capacity as Trustee-Manager of CapitaLand India Trust (“CLINT”, and as the trustee-manager of CLINT, the “Trustee-Manager”), is pleased to announce that it has, through its wholly-owned subsidiary, Ecospace IT Park Private Limited (the “Purchaser”), entered into definitive
agreements (“Agreements”) for the proposed acquisition (the “Proposed Acquisition”) of close to 100% of International Tech Park Pune – Hinjawadi, Pune, India (“ITPP-H”).

The Agreements were executed between the Purchaser and each of the shareholders of Ascendas IT Park (Pune) Private Limited (the “Property SPV”), being Ascendas India Development VII Pte. Ltd., a wholly-owned subsidiary of CLI India Pte. Ltd. (formerly known as CapitaLand India Pte. Ltd.) (the “Sponsor”), and Maharashtra Industrial Development Corporation, for the Purchaser to acquire their respective stakes of approximately 78.5% and approximately 21.5% in ITPP-H.
...read more on investor.clint.com.sg
CapitaLand India Trust
Price1.060 SGD
NAV97.380 INR
Yield (4 quarters)7.42%
Gearing37.6%