Edition:
India

IG Port says business and capital alliance with NTT Plala


Monday, 7 May 2018 

May 7 (Reuters) - IG Port Inc <3791.T>:Says it forms business and capital alliance with NTT Plala Inc on May 7.Says two entities will mainly cooperate on distribution business, content co-production and related personnel exchange.Says it will distribute 120,400 shares to NTT Plala Inc, at the price of 2,344 yen per share, or 282.2 million yen in total, and payment date on May 23 .Proceeds will be used for loan repayment .