Mahaluxmi Infrahome Private Limited entered into Memorandum of Business Undertaking to acquire 66.24% stake in Ansal IT City & Parks Limited from Ansal Properties & Infrastructure Limited (BSE:500013) on November 21, 2020. Mahaluxmi Infrahome Private Limited entered into share purchase agreement to acquire 66.24% stake in Ansal IT City & Parks Limited from Ansal Properties & Infrastructure Limited (BSE:500013) for approximately INR 450 million on November 26, 2020. Ansal IT reported negative net worth of INR 117.8 million on March 31, 2020. The transaction is subject to approval of regulatory authorities.