CapitaLand Ltd.'s AIL 2 Pte. Ltd. subsidiary was allotted 5,013,286 equity shares in Periyapalayam Logistics Park Private Ltd.'s unit Vinplex India Pvt. Ltd. at 100 Indian rupees apiece.
The developer's 51% indirect interest in each of AIL 2, Periyapalayam Logistics and Vinplex India remained unchanged following the completion of the allotment. The remaining 49% interest is held by Temasek Holdings (Pte.) Ltd.
The transaction is not expected to have any material impact on CapitaLand's net tangible assets or earnings per share for the 2019 full year.
As of Dec. 6, US$1 was equivalent to 71.28 Indian rupees.