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Capitaland India Trust ( (SG:CY6U) ) has shared an announcement.
CapitaLand India Trust has announced the successful acquisition of a tax ruling from the Inland Revenue Authority of Singapore (IRAS) regarding its S$100,000,000 4.40% subordinated perpetual securities issued under its S$1,500,000,000 multicurrency debt issuance programme. This ruling confirms that the perpetual securities will be treated as debt securities for Singapore income tax purposes, allowing holders to benefit from tax concessions and exemptions under the qualifying debt securities scheme, thus potentially enhancing the attractiveness of these securities to investors.
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, managed by CapitaLand India Trust Management Pte. Ltd. The trust is involved in the issuance of multicurrency debt securities, focusing on financial products and services within the real estate sector.
Average Trading Volume: 2,283,675
Technical Sentiment Signal: Buy
Current Market Cap: S$1.61B
Find detailed analytics on CY6U stock on TipRanks’ Stock Analysis page.