Dalal Street Investments
Top

Ansal Properties + Educomp Agreement

January 25, 2008

Ansal Properties & Infrastructure [ANSAL API] has entered into a tripartite agreement with Edu Infrastructure, a subsidiary of Educomp Solutions and Knowledge Tree Infrastructure – its associate company.

As per the agreement the company / its associate would construct / develop the school properties in the various residential townships of the company and lease it out to the school operators for operating and managing the schools. Edu shall have the right to take minority interest in the associate. The agreement is expected to enable the Company to leverage the experience of Educomp to emphasize the education in its residential colonies.

Comments

Got something to say?






Bottom