Ansal Properties surges on tie-up buzz

DALAL STREET SPIKES

Ansal Properties and Infrastructure surged 5 per cent to Rs 378.95 on reports that it is looking at developing ports in India in partnership with UEM Builders, part of Malaysia's largest conglomerate UEM Group Berhad.

Ansal and UEM already have an existing joint venture, named UEM Builders-Ansal API Contracts, to execute construction and engineering projects. UEM Builders undertakes engineering and construction projects.