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An update from Capitaland India Trust ( (SG:CY6U) ) is now available.
CapitaLand India Trust has announced that its subsidiary, Minerva Veritas Data Centre Private Limited, has secured a sustainability-linked construction loan facility worth INR15 billion from Sumitomo Mitsui Banking Corporation. Additionally, a Standby Letter of Credit facility with a limit of US$193 million has been availed to support this loan. These financial arrangements are subject to specific conditions, including maintaining ownership and management control of the subsidiary, which could impact the trust’s operations and stakeholder interests if not adhered to.
The most recent analyst rating on (SG:CY6U) stock is a Buy with a S$1.50 price target. To see the full list of analyst forecasts on Capitaland India Trust stock, see the SG:CY6U Stock Forecast page.
More about Capitaland India Trust
CapitaLand India Trust is a business trust registered under the Business Trusts Act 2004, primarily focusing on real estate and infrastructure investments in India. It operates under the management of CapitaLand India Trust Management Pte. Ltd., serving as the trustee-manager.
Average Trading Volume: 2,726,823
Technical Sentiment Signal: Buy
Current Market Cap: S$1.58B
For an in-depth examination of CY6U stock, go to TipRanks’ Overview page.