Tag: Unitech Ltd

Unitech Jan-March Net Profit faces 98% Drop On Weak Property Demand

May 16, 2012 – 1:57 pm

Unitech Ltd. (507878.BY), one of India’s top realty companies by sales, Wednesday posted a 98% drop in consolidated net profit for the January-March quarter as expensive loans and property prices crimped demand for apartments and shopping malls.  Profit in the fiscal fourth quarter plunged to INR22.6 million from INR1.03 billion a year earlier. The figure lagged […]

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Unitech to raise up to Rs 5000 crore via issue of securities

December 23, 2008 – 5:03 am

Real estate company Unitech Ltd said on Monday that it plans to raise up to Rs 5,000 crore through issue of securities. The company said this is an “enabling resolution”, and follows the expiry of a similar resolution earlier. But it did not give out details of fund raising. Unitech Ltd shares ended nearly 3.4% […]

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FIIs Reduced Investment In Real Estate

September 6, 2008 – 6:24 am

BSE reports shows that Foreign institutional investors (FIIs) have reduced their investment in real estate companies, mainly Parsvnath Developers and Unitech by 0.8 and 2 % correspondingly, year-on-year. According to shareholding data available on BSE, the domestic financial institutions and banks have amplified their inevstment in Unitech Ltd by more than 1.5%, while Foreign institutional […]

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Lehman Bros Arm To Buy 50% In Unitech Project

June 16, 2008 – 12:04 am

Lehman Brothers Real Estate Partners has agreed to invest approximately US$175 million to acquire a 50% stake in the initial phase of a master-planned project on the Western Expressway of Mumbai. The project is being jointly developed by Unitech Ltd. and their local Mumbai Partners (the Western Expressway JV). The initial phase entails development one […]

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