CapitaLand India Trust (SGX:CY6U) closed the private placement of 124.2 million units at SG$1.208 per unit, to raise around SG$150 million in gross proceeds, according to a Wednesday filing with the Singapore Exchange.
The private placement was around 2.6 times covered, with participation from institutional, accredited, and other investors.
Proceeds raised from the private placement will be used to fund the ongoing development and construction of properties in India.
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