Ansal Properties to infuse Rs 46 cr for faster projects completion
Real Estate

Ansal Properties to infuse Rs 46 cr for faster projects completion

Ansal Properties and Infrastructure Limited will infuse Rs 46 crore via warrants, which will be used for decreasing debt and expediting the development of existing projects.

During the board meeting of the firm on February 11, the members considered the issue and allotment of warrants to Promoter Group entity and Non-Promoter entity (Public) investors.

The Board of Directors has viewed and sanctioned the issue and allotment of 2,70,00,000 Warrants to Promoter Group entity and Non Promoter (Public) investors, which would ultimately be converted into equity share of the firm, providing the investors 2,70,00,000 of equity shares denoting 14.64% of the post issue equity outstanding.

Out of the total investment of about Rs 46 crore, around Rs 14.79 crore will be infused by ICP Investments (Mauritius) Limited, a Foreign Venture Capital Investors, against allotment of 87,00,000 warrants and balance will be pumped in by Promoter Group Entity.

The board noted that capital raising has become essential to extend the permanent capital base as against the debt/working capital.The board additionally commented that with the changing environment of doing real estate business, the firm needs to depend more on equity and permanent capital sources.

Board also discussed the significance of reducing debt at a much faster speed and eventually becoming debt-free.The firm has concentrated on reducing debt in the last 12 to 18 months by settling debts with different lenders.

Image Source

Also read: Godrej Properties to invest Rs 7,500 cr in next 12-18 months

Ansal Properties and Infrastructure Limited will infuse Rs 46 crore via warrants, which will be used for decreasing debt and expediting the development of existing projects. During the board meeting of the firm on February 11, the members considered the issue and allotment of warrants to Promoter Group entity and Non-Promoter entity (Public) investors. The Board of Directors has viewed and sanctioned the issue and allotment of 2,70,00,000 Warrants to Promoter Group entity and Non Promoter (Public) investors, which would ultimately be converted into equity share of the firm, providing the investors 2,70,00,000 of equity shares denoting 14.64% of the post issue equity outstanding. Out of the total investment of about Rs 46 crore, around Rs 14.79 crore will be infused by ICP Investments (Mauritius) Limited, a Foreign Venture Capital Investors, against allotment of 87,00,000 warrants and balance will be pumped in by Promoter Group Entity. The board noted that capital raising has become essential to extend the permanent capital base as against the debt/working capital.The board additionally commented that with the changing environment of doing real estate business, the firm needs to depend more on equity and permanent capital sources. Board also discussed the significance of reducing debt at a much faster speed and eventually becoming debt-free.The firm has concentrated on reducing debt in the last 12 to 18 months by settling debts with different lenders. Image Source Also read: Godrej Properties to invest Rs 7,500 cr in next 12-18 months

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?