July 18, 2017 / 6:35 AM / 2 years ago

BRIEF-Vukile proposes equity raise of 500 mln rand

July 18 (Reuters) - Vukile Property Fund Ltd:

* Company proposes an equity raise of approximately 500 mln rand through issue of new shares

* New shares will be issued under a vendor consideration placing

* Of equity raised, up to 250 mln rand may be placed with Encha SPV and 72 mln rand may be placed with management at bookbuild price

* Remaining equity will be offered to selected investors through an accelerated bookbuild process Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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