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HDFC AMC invests Rs.236 crore in Ansal's Noida project

Saturday, 21 Jun 2008
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HDFC Asset Management Co (HDFC AMC) has invested $55 million (Rs.236 crore) in Ansal Hi-Tech Townships, a subsidiary of the New Delhi based Ansal Properties & Infrastructure (API), for a minority stake in the project.

Ansal Hi-Tech Townships - an SPV - will develop a 2,500 acre modern township with a developable area of 75 million sq.ft in Greater Noida. Ansal is expected to invest over Rs.12,000 crore in the project and currently land acquisition process for the project is underway

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