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

Vivienne Tay

Vivienne Tay

Published Tue, Nov 19, 2019 · 09:50 PM
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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.

The issue price represents a discount of between 2.9 per cent …

KEYWORDS IN THIS ARTICLE

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private placement

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