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. | |
---|---|---|
+32.82% | 27.28B | |
-16.64% | 25.27B | |
-5.18% | 24.71B | |
+16.16% | 24.68B | |
+34.48% | 21.2B | |
+2.40% | 19.49B | |
-3.34% | 18.9B | |
+42.64% | 17.42B | |
+19.53% | 15.27B |