MoneyWorks4Me

Anant Raj gets nod to sell 100% equity stake in Greatway Estates

27 Sep 2014 Evaluate

Anant Raj has received its board’s approval for sale of 100% equity stake in its wholly owned subsidiary Greatway Estates for a consideration of Rs 304.12 crore. The consideration received shall be utilised partly for repayment of debt and partly for development of the projects of the company.

Anant Raj is armed with one of the largest land banks in the region and is in the process of building an array of Special Economic Zones (SEZs), IT Parks, Hotels, Commercial Complexes, Malls, Residential / Service Apartment and other infrastructure projects.

Peers
Company Name CMP
Lodha Developers 1129.30
Prestige EstatesProj 1459.50
Dilip Buildcon 396.20
DLF 672.00
Oberoi Realty 1769.95
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