Ansal Properties okays allotment of 2.91 cr shares | business | Hindustan Times
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Ansal Properties okays allotment of 2.91 cr shares

Real estate developer Ansal Properties & Infrastructure Ltd today said its shareholders have approved allotment of over 1.26 crore equity shares to Mauritius-based firm IPRO Funds Ltd on a preferential basis.

business Updated: Sep 29, 2009 22:35 IST

Real estate developer Ansal Properties & Infrastructure Ltd today said its shareholders have approved allotment of over 1.26 crore equity shares to Mauritius-based firm IPRO Funds Ltd on a preferential basis.

The shareholders also gave their permission to allot 1.65 crore equity shares to promoters on preferential basis at its 42nd annual general meeting held on Tuesday, Ansal Properties & Infrastructure informed the Bombay Stock Exchange in a disclosure.

The shareholders passed a resolution to pay a dividend of 50 paisa per equity share of Rs 5 each for the year ended March 31, 2009, it said.

The AGM also gave its nod to re-appoint Lalit Bhasin and P R Khanna as directors liable to retire by rotation, it said.

The shareholders appointed S R Batliboi and Associates of Gurgaon as statutory auditors of the company till the conclusion of the next AGM, it said.

Shares of the company closed at Rs 80.55, up 2.16 per cent from previous close on the BSE.