Acts on behalf of unitholders/
provides management services
Trustee-Manager’s fees
Holds units
Distributions
Net property income
Ownership
Property
management fees
Provides
property
management
services
Ascendas
Services (India)
Pte. Ltd.
(Property Manager)
T R U S T S T R U C T U R E
Unitholders
Singapore
India
Ownership of ordinary shares
& Compulsory Convertible
Preference Shares (“CCPS”);
subscription to Fully & Compulsorily
Convertible Debentures (“FCCD”)
and Non-convertible Debentures
(“NCD”)
Dividends on ordinary shares
& CCPS, proceeds from share
buyback & interests on FCCD
and NCD
Ascendas Property Fund
Trustee Pte. Ltd.
(Trustee-Manager)
100% ownership &
shareholder’s loan
Dividends, interests & principal
repayment of shareholder’s loan
1
Karnataka Industrial Area Development Board owns 7.2% of Information Technology Park Ltd..
2
Tamil Nadu Industrial Development Corporation Limited owns 11.0% of Ascendas Information Technology Park (Chennai) Ltd..
3
Cyber Pearl Information Technology Park Pte. Ltd. owns 100% of Ascendas IT SEZ (Chennai) Pte. Ltd..
ITPB
International
Tech Park
Bangalore
ITPC
International
Tech Park
Chennai
CP
CyberPearl
CV
CyberVale
The V
The V
aVance
Business Hub
aVance
Properties
Information
Technology
Park Ltd.
92.8%
ownership
1
Ascendas
Information
Technology Park
(Chennai) Ltd.
89.0%
ownership
2
Cyber Pearl
Information
Technology Park
Pte. Ltd.
100%
ownership
3
VITP Pte. Ltd.
100%
ownership
Hyderabad
Infratech
Pte. Ltd.
100%
ownership
Venture Capital Undertakings
Special Purpose Vehicles
Ascendas Property Fund (India) Pte. Ltd.
Ascendas Property Fund (FDI) Pte. Ltd.
ASCENDAS india trust ANNUAL REPORT 2014/15
