Ansal Properties to sell full 66% stake in IT SEZ project at Greater Noida
The deal is subject to the approval of regulatory authorities of SEZ, Greater Noida Industrial Development Authority, and the Ministry of Commerce. PTI
File image: Reuters
Realty firm Ansal Properties & Infrastructure Ltd on Wednesday said the company has agreed to sell its entire 66.24 per cent stake in IT SEZ in Greater Noida to Migsun group. In a regulatory filing, Ansal Properties said the company has entered into an agreement to sell its entire shareholding of 66.24 per cent held in its subsidiary firm Ansal IT City and Parks Ltd, which owns IT Park of 37.5 acres of land at Greater Noida to Mahaluxmi Infrahome, part of Migsun Group.
Officials said that if nobody comes forward to open higher secondary schools, the four plots will be available for an engineering college or a higher education institute
Besides new industries and educational institutes, the plots will also be used for religious places and other institutional purposes. The industrial scheme comprises 21 plots in Ecotech 1. Officials said that the 29 institutional plots put on the block are situated in various sectors. “We have identified residential blocks where more educational institutes and healthcare facilities are needed. Vacant institutional plots have been identified in such locations and introduced in the latest scheme,” said Deep Chandra, additional CEO of the authority.
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GREATER NOIDA: Homebuyers in Shahberi an area deemed unfit for people to live in are a helpless lot. With no aid visible from any quarters, they have finally decided to knock on the judiciary s doors.
Last week, a group of buyers forwarded a representation to the chief justices of Supreme Court and Allahabad high court over an email and via post.
Over the years, nearly 500 buildings with G+3 floors have been constructed illegally in Shahberi. The fate of 7,000 buyers who purchased properties in them remains uncertain. They have requested the authorities and the judiciary to provide alternative accommodations for them.
The issue received bids for 10.02 crore shares as against 66.66 lakh shares on offer.
The initial public offer (IPO) of Antony Waste Handling Cell received bids for 10.02 crore shares as against 66.66 lakh shares on offer. The issue was subscribed 15.04 times.
The non-institutional investors category was subscribed 18.69 times. The retail individual investors category was subscribed 16.55 times. The qualified institutional buyers (QIBs) category was subscribed 9.67 times.
The issue opened for subscription on Monday (21 December 2020) and closed on Wednesday (23 December 2020). The price band for the IPO was set at Rs 313-315 per share.
The issue comprised of a fresh issue worth Rs 85 crore and an offer for sale (OFS) of 68,24,933 equity shares by existing shareholders.
The issue received bids for 10.02 crore shares as against 66.66 lakh shares on offer.The initial public offer (IPO) of Antony Waste Handling Cell received bids for 10.02 crore shares as against 66.66 lakh shares on offer as on Wednesday (23 December 2020), according to the National Stock Exchange (NSE) data on 17:00 IST. The issue was subscribed 15.04 times.
The issue opened for subscription on Monday (21 December 2020) and it closes today (23 December 2020). The price band for the IPO was set at Rs 313-315 per share.
The issue comprised of a fresh issue worth Rs 85 crore and an offer for sale (OFS) of 68,24,933 equity shares by existing shareholders.