Brief: Ascendas India Trust Proposes Purchase Of Buildings In aVance Business Hub, Hyderabad

CapitaLand India Trust

21/05/2018 24:22

May 21 (Reuters) - Ascendas India Trust  AINT.SI :
    * PROPOSED PURCHASE OF AVANCE 5 & 6 AT AVANCE BUSINESS HUB,
HYDERABAD
    * A-ITRUST WILL PROVIDE CONSTRUCTION FUNDING AMOUNTING TO
INR
8,874 MILLION TO DEVELOPER
    * PURCHASE PRICE OF PROPERTIES IS CURRENTLY NOT EXPECTED TO
EXCEED
S$270 MILLION
    * UNITS ENTER INTO LOAN AGREEMENT WITH PHOENIX INFRATECH
(INDIA)
PRIVATE LTD AND PHOENIX URBAN INFRASTRUCTURE PRIVATE LIMITED
    * LOAN AGREEMENT TO PROVIDE INTER CORPORATE DEPOSITS TO
REPAY
DEVELOPER'S EXISTING LOANS

Source text for Eikon:  ID:nSNZb8dQDP 
Further company coverage:  AINT.SI 

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