Brief: Ascendas India Trust Enters Construction Funding And Forward Purchase Deal With Arshiya Ltd Unit

CapitaLand India Trust

11/07/2019 02:12

July 11 (Reuters) - Ascendas India Trust  AINT.SI :
    * ENTERED INTO A CONSTRUCTION FUNDING AND FORWARD PURCHASE
AGREEMENT WITH A SUBSIDIARY OF ARSHIYA LIMITED
    * TOTAL CONSIDERATION FOR TRANSACTION IS ESTIMATED AT S$42.1
MILLION
    * AGREEMENT FOR DEVELOPMENT OF AN ADDITIONAL WAREHOUSE AT
ARSHIYA
FREE TRADE WAREHOUSING ZONE, PANVEL, MUMBAI

Source text for Eikon:  ID:nSN3vtY04 
Further company coverage:  AINT.SI 

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