realty major Unitech
Close on the heels of real estate firm Unitech recently reported consolidated loss of Rs 51.55 crore for the January-March quarter, the shares of the company plunged by over 3 percent on Thursday. As an apparent result of the consolidated loss posted by Unitech, the company’s scrip closed at Rs 27 on Thursday, underscoring a [...] Continue Reading »
As part of its strategy to repay debt, realty major Unitech has recently sold around 10 acres of land in Bangalore and Mysore for about Rs 100-130 crore. Unitech currently has debt of about Rs 6,200 crore, including Rs 150-200 crore from Life Insurance Corporation of India (LIC). It has been reported that the LIC [...] Continue Reading »
