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BRIEF-Keppel Corporation Announces Acquisition Of Silverio Developers Private

Reuters SG

Jan 11 (Reuters) - Keppel Corporation Ltd:

* ACQUISITION OF SILVERIO DEVELOPERS PRIVATE LIMITED

* PUNE KHARADI TOWER IS ACQUIRING 100% OF SHARES OF SILVERIO DEVELOPERS PRIVATE LIMITED

* DEAL FOR AN ESTIMATED CONSIDERATION OF ABOUT S$38.4 MILLION

* AS PART OF ACQUISITION, INDIAN SPV WILL EXTEND A LOAN TO SILVERIO AMOUNTING TO S$14.5 MILLION

* IN DEAL, SILVERIO WILL DEVELOP GRADE A COMMERCIAL OFFICE PROJECT IN KHARADI, PUNE, INDIA

* COMPLETION OF ACQUISITION IS EXPECTED TO TAKE PLACE AROUND DEC 2024 Source text for Eikon: Further company coverage: