Capitaland India Trust (SG:CY6U) has released an update.
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CapitaLand India Trust (CLINT) has committed S$350 million to an Indian alternative investment fund through its subsidiary Ascendas Property Fund, marking a significant investment in India’s financial market. This contribution represents nearly 99.72% of the fund’s current capital commitments, demonstrating CLINT’s strategic focus on expanding its footprint in India. Managed by Magnifiek Fund Management, the fund aims to leverage growth opportunities in India’s burgeoning investment landscape.
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