BRIEF-Conduit Capital to dispose of investments for 62.7 mln rand

  • Reuters
  • Stock Market News
BRIEF-Conduit Capital to dispose of investments for 62.7 mln rand
Credit: © Reuters.

June 12 (Reuters) - Conduit Capital Ltd CNDJ.J :

* Signed a resolution to approve disposal of a portion of investments for 62,711,550 rand

* Disposal will provide cash that will be employed in co's insurance units in order to fund organic growth opportunities

* Proceeds from disposal are to be used to service conduit capital's short term and long term funding requirements Source text for Eikon: Further company coverage: CNDJ.J

(Bengaluru Newsroom)

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