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MFS becomes CLINT's substantial shareholder again after buying units at lower price; DBS sells 1 mil units in CLAS

Felicia Tan
Felicia Tan • 1 min read
MFS becomes CLINT's substantial shareholder again after buying units at lower price; DBS sells 1 mil units in CLAS
The sale brought DBS’s stake in CLAS to 37.97% or around 1.308 billion units. Photo: Bloomberg
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Massachusetts Financial Services Financial Company (MFS) has become a substantial shareholder of CapitaLand India Trust (CLINT) yet again after purchasing 348,100 units at around $1.12 apiece on Dec 23.

MFS, on Dec 20, sold 883,700 units in the REIT via the market at $1.13 each.

This time, the purchase via the market brought MFS's stake up to 5.02%, or around 58.3 million units.

Separately, DBS Group Holdings disposed of 1 million units in CapitaLand Ascott Trust (CLAS) for a total of $1.051 million or at $1.051 per unit via the market on Dec 22.

The sale brought DBS’s stake in CLAS to 37.97% or around 1.308 billion units, down from its previous 38% stake, or 1.309 billion units.

Units in CLINT and CLAS closed at $1.12 and $1.02 respectively.

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