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Bangalore

REITs

CapitaLand India Trust in $201 million forward purchase of development in Bangalore

CLINT describes the Outer Ring Road as Bangalore’s largest office micro-market.
Ascendas India Trust enters forward purchase agreement for two buildings in Bangalore - THE EDGE SINGAPORE

M&A

Ascendas India Trust enters forward purchase agreement for two buildings in Bangalore

The two buildings have a total net leasable area of up to 1.65 million square feet.

Property

Keppel Land in JV to develop its first commercial property in India

SINGAPORE (Oct 1): Keppel Land, the property arm of Keppel Corporation, is developing its first commercial property in India through a joint venture.

Results

Ascendas India Trust posts 1.42 cents DPU for 3Q

SINGAPORE (Jan 31): Ascendas India Trust has reported a distribution per unit of 1.42 cents for 3QFY17, a 5% increase from 3QFY16.

Broker's Calls

This trust still has plenty of room to grow in India

SINGAPORE (Oct 27): DBS Group Research is maintaining its “buy” rating on Ascendas India Trust with a higher target price of $1.13 despite declaring a 2Q DPU of 1.37 cents, unchanged from a year ago due to the depreciation of the IDR against the SGD.

Results

Ascendas India Trust posts unchanged DPU of 1.37 cents for 2Q

SINGAPORE (Oct 25): Ascendas India Trust has declared a 1.37 cents distribution per unit for 2QFY17, unchanged from a year ago.
Amit Jain

Uber aims to unseat Ola in US$10 bil India ride-hailing market

BANGALORE (Oct 10): Uber Technologies Inc unveiled its first-ever brand campaign in India last month with a video showing a tense Uber driver navigating gridlocked streets as he rushes to drop off a little girl to her school on exam day. In a Bollywood-
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