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The project would cover 350 acres (1,400 dunams) at Palamaner in Chittoor and Pulivendula in Kadapa district. It will have 10,000 high milk yielding cows imported from New Zealand.
Elbit Imaging chairman Mordechai Zisser controls they company through Europe Israel MMS Ltd. The company develops and owns malls, hotels, and other properties in Israel, Europe, and India through Plaza Centers NV (LSE:PLAZWSE:WLZ) and other subsidiaries. It also owns life sciences companies InSightec Ltd. and Gamida-Cell Ltd., retail operations, and other interests.
Elbit Imaging's share closed at $20.95 on Nasdaq on Friday. The share rose 0.8 percent by midday today on the TASE to NIS 82.13.
To see more of the Globes or to subscribe to the newspaper, go to http://www.globes-online.com. Copyright (c) 2009, Globes, Tel Aviv, Israel Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
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