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.
| Company Name | CMP |
|---|---|
| Lodha Developers | 881.85 |
| Dilip Buildcon | 427.35 |
| DLF | 577.75 |
| Oberoi Realty | 1631.15 |
| Ahluwalia Contract(I | 785.15 |
| View more.. | |
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