Ascendas India Trust To Acquire IT-SEZ Building From Phoenix Group For Rs 506 crore

Ascendas India Trust (a-iTrust) said on February 16, Tuesday, that it will acquire an IT-SEZ building in Hyderabad from Phoenix Group for a sum of Rs 506 crore. According to an official statement, the Ascendas Property Fund Trustee, in its capacity as trustee-manager of Ascendas India Trust, entered into definitive agreements for the proposed acquisition of aVance 6 at HITEC City in Hyderabad. The agreements were executed with the sh...