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ICICI Prudential AMC to buy 49% stake in Ansal API subsidiary

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  • Published On: August 16, 2010
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Delhi-based real estate company Ansal API has closed a private equity deal for fund infusion in the company, through a special purpose vehicle. Through this deal, ICICI Prudential Asset Management Company has bought 49 per cent stake in Ansal APIs' Aquapolis project for close to Rs. 72 crore. The 127 acre project will be hived off as a special project vehicle.
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