CapitaLand's Ascott to Double India Portfolio by 2028; Shares Down 1.2%

MT Newswires

04-10

CapitaLand Investment's (SGX:9CI) lodging business unit, The Ascott, outlined plans to double its Indian portfolio to 12,000 units by 2028, according to a Thursday filing with the Singapore Exchange.

As of the end of 2024, The Ascott has 5,500 units in India.

The company signed three agreements during the first quarter of 2025 under its Oakwood brand, bringing the portfolio to 6,100 units.

Shares of the property developer were up over 5% in recent trading.

CapitaLandInvest drops 1.2% at 10:46 am, Apr 11th.

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