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Ansal Properties to sell entire stake in Ansal IT City and Parks

31 Dec 2020 Evaluate

Ansal Properties & Infrastructure has entered into an agreement to sell its entire shareholding of 66.24% held in its subsidiary company-- Ansal IT City and Parks (owner of IT Park of 37.5 acres of land at Greater Noida) to Mahaluxmi Infrahome (part of Migsun Group), subject to the approval of regulatory authorities of SEZ/ Greater Noida Industrial Development Authority/ Ministry of Commerce, Govt. of India etc. This will reduce the debt of the company on a consolidated basis by Rs 11 crore.

Further, the company in this calendar year 2020 on a consolidated basis has reduced its debts/liabilities towards banks/financial instructions etc. by approximately Rs 500 crore.

Ansal Properties & Infrastructure’s business activities include property development for commercial, housing, retail, hospitality, IT SEZ, IT parks and Industrial parks.

Ansal Prop. & Infra Share Price

4.31 0.00 (0.00%)
26-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 881.85
Dilip Buildcon 427.35
DLF 577.75
Oberoi Realty 1631.15
Ahluwalia Contract(I 785.15
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