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Our Bureau

New Delhi, Jan. 26

Delhi-based Ansal Housing and Construction Ltd announced that foreign institutional investors have increased their stake in the company from 5.02 per cent as on September 31, 2006 to 14.47 per cent as on December 31, 2006.

The major FIIs include Citigroup Global Market Mauritius, Lehman Brothers Asia Ltd, Morgan Stanley and co and UBS Securities Asia Ltd, the company said in a release, quoting data available on stock exchanges. The company has upcoming projects worth Rs 6,000 crore, primarily in tier-II and III cities. More than 65.56 million sq ft of development is underway by the company, according to the release.

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