Ascendas India Trust to raise at least S$100m through private placement

Singapore

ASCENDAS India Trust (a-iTrust) is launching a private placement of some 66.3 million units at an issue price of between S$1.465 and S$1.508 a unit to raise gross proceeds of at least S$100 million.

This is to fund its potential investment in a business park in Bangalore, its trustee-manager said in a regulatory filing on Tuesday.