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BRIEF-Putprop says to buy further 15.51 pct stake in Pilot Peridot 1 Proprietary Ltd
July 11, 2017 / 12:14 PM / a month ago

BRIEF-Putprop says to buy further 15.51 pct stake in Pilot Peridot 1 Proprietary Ltd

July 11 (Reuters) - Putprop Ltd

* Has concluded an agreement for acquisition of a further 15.51 pct shareholding in Pilot Peridot 1 Proprietary Limited

* Purchase consideration which will be settled by means of internally generated cash will be paid in four tranches

* Total purchase consideration of 24 mln rand, such that putprop's total shareholding in Pilot Peridot has increased to 53.461

* Effective date of acquisition is 30 June 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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