The following diagram illustrates the relationship between a-iTrust, the Trustee-Manager and the Unitholders :



  
 
   
(1) Karnataka State Government through KIADB holds a 7.2% stake in ITPL. The Singapore SPV holds a 92.8% stake in ITPL (i) directly through its 46.4% stake in ITPL and (ii) indirectly through its wholly-owned subsidiary, Information Technology Park Investments Pte Ltd (“ITPI”) which in turn holds a 46.4% stake in ITPL.
   
(2) The Tamil Nadu State Government, through TIDCO, holds an 11% stake in AITPCL.
   
(3) The Singapore SPV owns 89.0% of AITPCL.
   
(4) AITPCL and VITPPL own 100% of ITPC and The V respectively, while ITPL and CPITPPL own 74% and 83% of the total SBA of ITPB and CyberPearl respectively.