Ansal Properties plans Rs 10bn FPO

Ansal Properties and Infrastructure, the Delhi-based real estate firm is planning to raise Rs 10 billion via a follow-on public offer (FPO) in the next year.

The FPO funds  will be utilized for financing its ongoing real estate projects and also undertaking new projects in hospitality and education sectors. At present, the company is having a land bank of 7,000 acres, mostly in north Indian states.

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