Ansal Properties to raise R300Cr from PE investors

Ansal Properties is raising R300Cr from PE investors in a project level investment. This deal is a part of R500Cr PE funding the company is planning to raise.

The funds will be raised to develop a residential project in Gurgaon.

Earlier, the company had raised R70Cr from a group of HNIs via preferential allotment in August 2010 and R230Cr through a QIP in October that year.