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.

Anant Raj Share Price

56.80 2.45 (4.51%)
Jul 05, 18:01 View Price Chart
Peers
Company Name CMP
Dilip Buildcon 197.70
NBCC (India) 28.80
Prestige EstatesProj 399.95
DLF 322.10
JMC Projects (India) 75.15
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