https://www.engineeringnews.co.za

Indluplace Properties raises R470m from new shares

Indluplace Properties raises R470m from new shares

Photo by Bloomberg

21st October 2015

By: African News Agency

  

Font size: - +

Indluplace Properties said on Wednesday it had raised R470-million – considerably higher than expected due to strong demand – by placing new shares but did not say what the additional capital would be used for.

Indluplace, whose strategy is to aggressively grow its portfolio by acquiring properties that provide immediate income, said it had placed about 44.76-million shares at R10.50 per share through an accelerated book build process that was now closed.

Indluplace had previously said it expected to raise R350-million.

To watch Creamer Media's latest video reports, click here
 

Edited by African News Agency

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Roytec Global (Pty) Ltd
Roytec Global (Pty) Ltd

Roytec Global is an international company specializing in liquid / solid and mineral separation technologies for the Mining and Industrial sectors.

VISIT SHOWROOM 
Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.055 0.814s - 135pq - 2rq
Subscribe Now