Edition:
India

First Capital to sell 4.7 mln shares at $21.10 per share


Tuesday, 17 May 2016 

First Capital Realty Inc : First Capital Realty Inc says to sell 4.7 million common shares on a bought deal basis at a price of $21.10 per share . Expectation of low to mid single digit growth in OFFO per share for full 2016 year remains intact . Net proceeds from offering will be used to fund purchase of a recently completed acquisition . Net proceeds from offering will also be used to satisfy company's share of purchase of anticipated near-term acquisitions .First capital realty announces $100 million equity offering.