Unitech Corporate Parks
There are some major management changes happening in the realty sector in India. Unitech Corporate Parks (UCP), the London Stock Exchange-listed firm that owns six IT Special Economic Zones (SEZ) in India is all set to sell its stake in the projects to Canada’s Brookfield Asset Management for about 205.9 million pounds (Rs 2,050 crore). UCP [...] 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 »
