Ansal API enters in JV with UEM Builders

Subscribe to Oneindia News

New Delhi, Apr 18 (UNI) Real estate major Ansal Properties and Infrastructure Ltd today said it has signed a shareholder's agreement for a Joint venture with UEM Builders.

This JV company will initially have an authorised capital of Rs one crore divided into Rs 10 lakh ordinary shares of Rs 10 each and a paid up capital of Rs 50 lakhs, a statement said.

UEM Builders is a subsidiary of Malaysia's largest conglomerate, The UEM Group.

''The new firm will be known as UEM Builders - Ansal API Contracts Pvt Ltd, and will be a Indian Construction company formed for the purpose of carrying out building, construction and engineering activity work for Ansal API's projects across the country,'' the statement added.

UNI BJR SR KN2020

Please Wait while comments are loading...