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03-09-07
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Unregistered User
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Ansal lines up Rs 1,000-crore follow-on issue next year
Indian real estate firm Ansal API has planned to raise near about 1,000 crore rupees through a follow on public offer. The company is also in final stages of a private equity deal of $250 million with a London based fund.
Ansal API is close to sign the PE deal and, will issue FPO early next year. The company has planned to use the funds generated for part-financing in its ongoing real estate projects and is also undertaking new projects in hospitality and education sectors. Presently, the company has a 7,000-acres landbank. Ansal API is also diversifying into Maharashtra and is undertaking an international project in UAE. |
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| 000crore, ansal, followon, issue, lines, year |
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