Investor Presentaiton
Transaction Details
Funding
a-iTrust shall provide total funding of INR650 million / S$11.6 million ¹ towards the Phase 2 Project²:
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INR50 million / S$0.9 million towards the Phase 2A Project, which has already been disbursed
Balance INR600 million / S$10.7 million for construction of the Phase 2B Project.
Acquisition
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Upon completion of the development of Phase 2 Project and after a stabilisation period of 12 months, a-iTrust shall
purchase all of the issued share capital of CWPPL, the entity developing the Phase 2 Project.
The purchase price is to be determined in accordance with an agreed formula, which takes into account pre-agreed
capitalisation rate and rentals.
The total purchase price is expected to be INR1,595 million³ / S$28.5 million.
1. Exchange rate of S$1 = INR56 is used throughout this presentation.
2.
Phase 2A Project and Phase 2B Project are collectively referred to as Phase 2 Project.
3. Including the funding that has been used to complete the development of the Phase 2 Project.
Ascendas India Trust
Proposed Forward Purchase Acquisition of Industrial Facilities at Mahindra World City, Chennai (Casa Grande
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Phase 2)
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