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. | |
---|---|---|
+26.71% | 25.63B | |
-4.11% | 25.02B | |
+12.76% | 24.45B | |
-19.60% | 24.35B | |
-0.73% | 19.73B | |
+28.44% | 19.68B | |
+2.27% | 19.18B | |
+47.92% | 17.08B | |
-9.39% | 15.09B |