Brief: Capitaland India Trust Says Entered Into Forward Purchase Agreement

CapitaLand India Trust

18/01/2023 10:18

Jan 18 (Reuters) - CapitaLand India Trust  CAPC.SI :
    * ENTERED INTO FORWARD PURCHASE AGREEMENT TO ACQUIRE A 1.0
MILLION
SQ FT IT PARK LOCATED AT OUTER RING ROAD, BANGALORE, INDIA
    * TOTAL PURCHASE PRICE FOR BUILDING 1 IS EXPECTED TO BE
S$201.0
MILLION
    * UNDER DEAL STRUCTURE, CLINT WILL PROVIDE FUNDING TOWARDS
DEVELOPMENT OF PROJECT OVER ESTIMATED TIMELINE FROM 1Q23 TO 4Q25
    * OVER NEXT 12 MTHS, FUNDING WILL BE FINANCED THROUGH
INTERNAL
RESOURCES & TRUSTEE-MANAGER EXPECTS TO UTILISE DEBT FROM 1H 2024
    * BELIEVES THAT TRANSACTION WILL IMPROVE EARNINGS AND
DISTRIBUTIONS FOR UNITHOLDERS

Source text for Eikon:  ID:nSN2LM1QZ 
Further company coverage:  CAPC.SI 
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