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Ansal to invest Rs 20 bn in hospitality sector

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  • Published On: June 29, 2007
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Real estate developer Ansal Properties & Infrastructure Ltd. said it plans to invest 20 billion rupees in the hospitality business over the next few years through a special purpose vehicle (SPV).Ansal Properties will hold about 80 percent equity in the SPV and Ambience Hospitality Pvt. Ltd. will hold the rest, it said in a statement on Friday.
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