Local partner of residential projects in Hyderabad signed an agreement to acquire the remaining 45% rights in a residential project in Hyderabad from Property & Building Corp. Ltd. (TASE:PTBL) for $34 million on January 8, 2016. On the signing date, Property & Building Corp completed the first stage of the sale in exchange for $15 million, while the balance of $19 million will be paid in 6 installments until December 31, 2018.
Property & Building Corp. Ltd. TEL AVIV STOCK EXCHANGE
Equities
PTBL
IL0006990175
Real Estate Development & Operations
1st Jan change | Capi. | |
---|---|---|
+27.40% | 25.58B | |
+13.54% | 24.49B | |
-5.18% | 24.25B | |
-20.01% | 23.68B | |
+29.70% | 19.8B | |
+3.54% | 19.73B | |
-1.60% | 18.98B | |
+46.90% | 17.94B | |
-11.52% | 14.3B |