24th Aug 2022 10:56
Plaza Centers NV - property investor in India - Says its subsidiary Elbit Plaza India Real Estate Holdings Ltd received a payment of INR2.5 crores, or EUR314,754 from an unnamed, local investor. The payment serves as proof of intention for the acquisition of EPI's whole rights in the special project vehicle, which holds a project site in Bangalore, India.
Between mid-April and mid-June, Plaza established a compromise between its 48%-owned investees Elbit Plaza India Real Estate Holdings Ltd and Elbit Imaging Ltd and an unnamed local investor to buy the rights to the Bangalore site for between EUR13.5 million to EUR14.1 million.
Current stock price: 30.00 pence
12-month change: down 76%
By Abby Amoakuh; [email protected]
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