Migsun Grp acquires stakes of HDFC, Ansal API in Greater Noida project
New Delhi: Realty player Migsun Grp has acquired stakes of HDFC and Ansal Properties & Infrastructure Ltd's in Ansal IT City Park (SEZ) Tech Zone located in Greater Noida in Delhi NCR.
Ansal IT City Park is a 37.5 acre mixed use project. It will have half of the space for IT offices, 15 percent commercial development and another 15 percent industrial space.
Migsun Grp will now own 100 percent stake in the project. Ansal Properties & Infrastructure Ltd has 66.24 percent stake in the project which is also being bought by Migsun Grp.
Ansal Properties & Infrastructure Ltd has is selling its entire shareholding in Ansal IT City Park of 66.24 percent to Mahaluxmi Infrahome Pvt Ltd which is part of Migsun Group, the company said in a regulatory filing. The deal will lower the debt of the company by Rs 11 crore.