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

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement