- 01:35 PM Buy Aban Offshore, target of Rs 2,200: Anand Rathi
- 01:33 PM Hold Dabur India: Indiabulls Securities
- 01:29 PM Buy IVRCL Infra, target of Rs 426: Indiabulls Secu...
- 01:05 PM 5 stks that were buzzing last week & how to trade ...
- 12:57 PM EOW interrogates Sanjay Dalmia in Indiabulls case
- 12:57 PM Sell Patni Computer Systems: Indiabulls Securities
- 12:44 PM Exit HT Media: Sudarshan Sukhani
- 12:30 PM Buy DIC India, target of Rs 245: Sunidhi Securitie...
- 12:28 PM CBI probe sought on Karnataka Minister's mining ac...
- 12:07 PM Interest rates may remain flat till May '10: Deepa...



Yesterday Ansal Housing came in with its QIP plan. Kushagra Ansal, President at Ansal Housing and Constructions informs that promoter equity dilution will be around 6% after the QIP issue.
He says that the company will expand its presence in the NCR and Delhi market and acquire more lands in the Northern India region where it has a strong presence currently.
Ansal intends to use the QIP money to buy land in tier II cities in the states of Punjab, Haryana and Madhya Pradesh. According to him, the total land bank value stands at around Rs 900 crore.
Excerpts from CNBC-TV18's exclusive interview with Kushagra Ansal:
Q: You said 30 lakh shares but will the indicative pricing be around the current market price?
A: It will be as per SEBI’s guidelines, which should be around the current market price.
Q: What do you intend of do with the money? Have you identified the areas where you going to purchase land banks?
A: With this money that we will raise, we will expand our presence in the NCR and Delhi market and acquire more lands in the Northern India region where we have a strong presence right now.
Q: Where in North India, aside from the NCR do you intend to expand your presence?
A: It will be in tier II cities in the states of Haryana, Punjab, and Madhya Pradesh.
Q: Along with the warrants you issued earlier and this QIP (Qualified Institutional Placement), how much equity dilution happens?
A: Promoter equity dilution will be around 6% and these 30 lakh shares will constitute 15% of the total increase share capital.
Q: What is the rough estimate of your total land bank right now and could you ascribe a market value to it as well?
A: We have 1,500 acre of land bank right now and one could put an average valuation of around Rs 60-65 lakh per acre on it.
Q: Would that workout to something close to between Rs 900-1,000 crore?
A: Yes, around Rs 900 crore.
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- 10 companies that MF managers love
- Cox and Kings IPO subscribed 6.31 times
- Sensex ends over 200 pts up led by banks, oil & gas, metals
- Buy sugar, financials, pharma on declines: Experts

- Positive on power, steel on backward integration: Kotak

- Bharti Airtel reduces roaming charges to below 50 paise/min

- Baltic Index rally seasonal, short-term; outlook cautious
- 5 stks that were buzzing last week & how to trade them now
Source: CNBC-TV18
- EOW interrogates Sanjay Dalmia in Indiabulls case
Source: CNBC-TV18
- Sell Patni Computer Systems: Indiabulls Securities
Source: Moneycontrol.com
- Exit HT Media: Sudarshan Sukhani
Source: CNBC-TV18
- HDFC Standard Life plans IPO in 2010-11
Source: Business Line
- GM India will not cede ground in Chinese alliance
Source: Business Line
- Spices export rises in Oct
Source: Business Line
- Bharat Hotels to invest Rs 2,300 cr in new properties
Source: Business Line



.jpg)


















