About two months after its entry into the TA-90 index, ILDC reported that Menorah Mivtachim is becoming an interested party in the company.
Menorah reached a holding of about 5.59% of the shares of ILDC, which represents 2.8% of the voting rights in the company, following an acquisition of ILDC’s shares in the sum of NIS 11 million, as reported by Menorah to the company.
In addition, the Menorah Mivtachim Group holds debentures (Series 20) issued by ILDC in the amount of NIS 26 million par value.
ILDC is currently traded at a market value of NIS 960 million, after rising 72% since the beginning of the 2017 to NIS 34 per share.