Anant Raj has acquired 26% additional stake in its shopping mall at Kirti Nagar in the national capital from Lalea Trading, Cyprus for Rs 225.42 crore. The company will now have 100% stake in its subsidiary Anant Raj Projects, which holds this shopping mall known as Moments Mall.
The company has acquired 1,75,676 equity shares (26% of total share capital of the Anant Raj Projects) at Rs 2,258 each. It has also bought 6,37,964 compulsorily convertible preference shares at Rs 2,258 each as well as 37,59,459 fully convertible debentures at Rs 110.94 each of Anant Raj Projects.
Anant Raj is a real estate company. The company is engaged in the business of construction and real estate development.
