Ansal Properties signs Agreement with IIML

Ansal Properties & Infrastructure Ltd has announced that the Company has signed two Agreements with IL&FS Investment Managers (IIML), the private equity arm of IL&FS to develop two Projects of Township and IT SEZ in Gurgaon, Haryana.

These Projects, the Township and IT SEZ, in Gurgaon, will be constructed spreading over 11 million sq. ft of office, residential and office space at an investment of approx. USD 125 Mn. These Projects are expected to have a turnover of exceeding USD 1 billion over the next 5 to 6 years.

The stock was trading at Rs.267, up by Rs.6.65 or 2.55%. The stock hit an intraday high of Rs.272.90 and low of Rs.258.75. The total traded quantity was 166755 compared to 2 week average of 138227.

Source : Equity Bulls

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