Ascendas India Trust (CY6U.SG) is planning to raise up to 100 million Singapore dollars (US$73.5 million) with a private placement.
The company is planning to sell 66.313 million new units in a price range of S$1.465 to S$1.508 per unit, the company said Tuesday in a filing to the Singapore Exchange.
Proceeds from the private placement will be used to fund an investment in a business park in the southern Indian city of Bangalore, the company said.
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