HDFC AMC invests in Ansal Properties arm Ansal Hi-Tech Townships Ltd

Ansal Properties & Infrastructure Ltd has announced that HDFC Asset Management Company Ltd (HDFC-AMC) made investment in Ansal Hi-Tech Townships Ltd (Ansal Hi-Tech) (presently a Subsidiary of the Company) for participation in the development and construction of Hi-Tech Township in NCR Region. The Investment was made in terms of the Shareholders Agreement and Debentures Subscription Agreement executed with HDFC-AMC.

The Stock closed the day at Rs.87.75, down by Rs.5.60 or 6%. The stock hit an intraday high of Rs.93 and low of Rs.85.

The total traded quantity was 202141 compared to 2 week average of 269080.

Source : Equity Bulls

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