Ansal Properties to infuse Rs 46 cr for faster projects completion

16 Feb 2022 CW Team

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

Infrastructure Transport

06 Feb 2026

Second Mountain Tunnel Breakthrough in Palghar Advances High Speed Rail

The Mumbai-Ahmedabad high speed rail (MAHSR) project reached a milestone with the breakthrough of a mountain tunnel in Palghar, Maharashtra. Mountain tunnel MT-six measures 454 metres long and 14.4 metres wide and will accommodate up and down tracks. The breakthrough follows MT-five near Saphale on second January 2026 and the MT-six excavation was completed from both ends using the New Austrian Tunnelling Method. The ministry reported that the tunnelling was completed within 12 months. The New Austrian Tunnelling Method is favoured for its flexibility in complex geology and irregular tunnel s..

Modi Government Pushes Atmanirbhar Container Drive With BCSL MoU

The Union Government advanced a plan to create an integrated, domestically anchored container ecosystem with the signing of a Memorandum of Understanding to establish the Bharat Container Shipping Line (BCSL). The MoU was signed by key agencies including the Shipping Corporation of India and Container Corporation of India alongside major port authorities and Sagarmala Finance Corporation Limited under the Ministry of Ports, Shipping and Waterways, in the presence of senior ministers. The initiative aligns with the Container Manufacturing Assistance Scheme announced in the Union Budget 2026–2..

Ministry Reports Gains In Mobility For Marginalised Communities

The Ministry of Social Justice and Empowerment is implementing skill development, education and rehabilitation schemes to promote socio-economic mobility and sustainable livelihoods for marginalised and disadvantaged communities across the country. Programmes target Scheduled Castes, Other Backward Classes, Economically Weaker Sections, De-notified Tribes and Safai Karamcharis through specialised implementing corporations and empanelled training institutes. Pradhan Mantri Dakshata Aur Kushalta Sampann Hitgrahi Yojana, or PM-DAKSH, provided skill training and placement support through the Nati..