NEW DELHI: Realty agency Anant Raj Ltd on Saturday introduced plans to raise up to Rs 500 crore through issue of securities to institutional investors. The firm will search shareholders’ approval through a particular decision. It didn’t disclose the target of the fund elevating.
In a regulatory submitting, Anant Raj Ltd mentioned the board of administrators has inter-alia thought of and accredited “issuance of equity shares or other convertible securities by way of Qualified Institutions Placement (QIP), for an aggregate consideration not exceeding Rs 500 crore.”
The board additionally accredited the discover of Extraordinary General Meeting (EGM) for searching for approval of shareholders by manner of particular decision for approval for issuance of the securities.
Recently, Anant Raj introduced plans to launch three new housing initiatives in Gurugram and Andhra Pradesh within the subsequent 6-9 months with an estimated gross sales worth of Rs 4,000 crore, because it seeks to broaden enterprise amid sturdy demand for residential properties.
Anant Raj Ltd will launch a luxurious group housing undertaking in Sector 63A Gurugram, comprising over a million sq ft of developable space.
The firm additionally has plans to launch plots and villas, having a saleable space of round 1 million sq ft, in its almost 200-acre township ‘Anant Raj Estate’ in Gurugram.
Anant Raj has additionally began the development of 1,900 reasonably priced housing initiatives at Tirupati in Andhra Pradesh.
In a regulatory submitting, Anant Raj Ltd mentioned the board of administrators has inter-alia thought of and accredited “issuance of equity shares or other convertible securities by way of Qualified Institutions Placement (QIP), for an aggregate consideration not exceeding Rs 500 crore.”
The board additionally accredited the discover of Extraordinary General Meeting (EGM) for searching for approval of shareholders by manner of particular decision for approval for issuance of the securities.
Recently, Anant Raj introduced plans to launch three new housing initiatives in Gurugram and Andhra Pradesh within the subsequent 6-9 months with an estimated gross sales worth of Rs 4,000 crore, because it seeks to broaden enterprise amid sturdy demand for residential properties.
Anant Raj Ltd will launch a luxurious group housing undertaking in Sector 63A Gurugram, comprising over a million sq ft of developable space.
The firm additionally has plans to launch plots and villas, having a saleable space of round 1 million sq ft, in its almost 200-acre township ‘Anant Raj Estate’ in Gurugram.
Anant Raj has additionally began the development of 1,900 reasonably priced housing initiatives at Tirupati in Andhra Pradesh.
