Citibank group to pickup a 5.75 per cent stake in Ansal Properties & Infrastructure
October 24th, 2006 Leave a comment Visited 17 times, 1 so far today
Citibank group to pickup a 5.75 per cent stake in Ansal Properties & Infrastructure
The Citibank group has said that it would be picking up a 5.75 per cent stake in Ansal Properties & Infrastructure Ltd.
This deal would be conducted through their affiliates — CBC Bahrain and Citigroup Venture Capital International Growth Partnership Mauritius Ltd.
Ansal Properties would as a result issue 28,83,149 equity shares of Rs 5 face value at a price of Rs 610 per share to the Citi group affiliates.
The Ansal board has approved this business transaction though it would still require shareholders approval.
|
TechWhack on Facebook
|
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.