03 Sep 07 Ansal Properties and Infrastructure FPO

Delhi based real estate company Ansal Properties and Infrastructure is planning to come out with a follow on public offer (FPO) to fund its realÃ‚Â projects. Ansal Properties and Infrastructure has a huge land bank of about 7500 acres and has received private equity funding from leadingÃ‚Â real estate focussed private equity funds like Noor Capital, HDFC Realty Fund, IL&FS investment managers (IIML) and Citigroup. The Ansal Properties and Infrastructure FPOÃ‚Â issue size is likely to be around Rs. 1000 crores.

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