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CapitaLand Investment Limited ( (SG:9CI) ) just unveiled an update.
CapitaLand India Trust, through its subsidiary Ascendas Property Fund (India) Private Limited, has entered into an agreement to divest its 100% interest in Cyber Pearl Information Technology Park Private Limited. This divestment involves two assets: CyberVale IT SEZ in Chennai and CyberPearl IT Park in Hyderabad, totaling approximately 1.4 million square feet. The transaction is valued at INR 9,502 million and reflects the company’s strategic move to optimize its portfolio and potentially reallocate resources to other growth opportunities, impacting its operational focus and market positioning.
The most recent analyst rating on (SG:9CI) stock is a Hold with a S$3.00 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.
More about CapitaLand Investment Limited
CapitaLand Investment Limited operates in the real estate industry, focusing on investment management and development of properties. The company offers a range of services including property management, development, and investment, with a market focus on commercial, retail, and residential properties.
Average Trading Volume: 9,180,281
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$13.72B
For a thorough assessment of 9CI stock, go to TipRanks’ Stock Analysis page.