Ansal Properties signs pact with UEM Builders

New Delhi: Ansal Properties and Infrastructure Ltd has signed a shareholder’s agreement for a joint venture with UEM Builders, a subsidiary of Malaysian conglomerate UEM Group.

The proposed company ‘UEM Builders - Ansal API Contracts’ would be an Indian construction company formed for carrying out building, construction and engineering activity work for Ansal API’s projects, across the country.

“It is a matter of great pleasure to announce this association with the UEM Group. I am confident that we will make the best possible utilisation of our synergies to deliver world-class living standards,” Mr Sushil Ansal, Chairman, Ansal API, said in a statement.