Ansal Properties & Infrastructure Ltd. (APIL) which was endorsed by Delhi based Ansal Group told that, its investor’s Okayed and permitted the firm to hike up the rates to Rs. 2500 Crores through the matter of securities. Company had said the Bombay Stock Exchange that its investor’s had agreed to hike the amount through the issue of several securities on the public matter, rights, Qualified Institutions Placement (QIP) or on any other formats.
Company had also proposed to issue value of Rs. 8.19 Lakhs without paying interest and protected by Redeemable Optionally Convertible Debentures (ROCD) of 100 each to the HDFC Projects Trustee Company Ltd at the rate of Rs. 610.01 each on the favored basis. APIL had also issued up to 28.83 Lakhs equity shares of Rs. 5 each to some of the recognized corporate workgroups comprising Bahrain Based Citicorp Banking Corporation, Citigroup Project Capital International Development Partnership Mauritius Ltd and for its Co-Investment Trusts at Rs. 610.01 per equity share on priority basis. On the BSE trading the company shares dealing was lost at 5% at Rs. 875.10.
Source: NIMMA BENGALURU
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