Elbit Imaging Announces New Payment Structure For Sale Of Project In Bangalore, India

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Apr 12, 2019
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TEL AVIV, ISRAEL / ACCESSWIRE / March 22, 2018 / Elbit Imaging Ltd. ("EI"or the "Company") (TASE: EMITF) NASDAQ: EMITF) announced today, further to its press release dated November 16, 2016, which stated that Elbit Plaza India Real Estate Holdings Limited ("EPI") (a jointly controlled subsidiary in which the Company holds a 50% stake alongside its subsidiary, Plaza Centers N.V. ("Plaza")), signed a revised agreement in relation to the sale of a 100% interest in a Special Purpose Vehicle ("SPV") which holds a site in Bangalore, India to a local investor (the "Purchaser"), and further to its press releases dated January 19, 2018 and February 21, 2018, that: