Key Developments: Unitech Ltd (UNTE.NS)

UNTE.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Unitech Ltd's updates to sell its entire interest in portfolio
Wednesday, 11 Jun 2014 

Unitech Ltd:With reference to an announcement made by Unitech Corporate Parks PLC to sell its entire interest in the portfolio of 6 IT SEZ / Parks in India.Unitech Ltd says that interest of two of the affiliates of Unitech Limited in four of these 6 IT SEZ/Parks stands transferred to an independent third party.These four SEZs are the most mature in terms of their development status.As part of this transaction, certain affiliates of Unitech will continue to manage and develop these assets to ensure that there is no impact on tenants and other stakeholders.  Full Article

Unitech Ltd in discussions to sell subsidiary and to form a strategic alliance with a third party
Thursday, 3 Apr 2014 

Unitech Ltd:Says that Unitech Corporate Parks Plc (UCP) received an approach from a third party expressing interest in potential acquisition of its wholly owned subsidiary Candor Investment Limited and it is in discussions regarding a possible sale of this subsidiary.Says it has also been approached by a third party in relation to strategic alliance for carrying out the remaining development of the IT SEZs / Parks under development along with the potential acquisition of its stake in certain IT SEZs / Parks.  Full Article

Unitech Ltd Does Not Recommend Dividend
Thursday, 30 May 2013 

Unitech Ltd announced that the Board of Directors of the Company at its meeting held on May 30, 2013, inter alia, has not recommended any dividend for the financial year 2012-2013.  Full Article

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Real-estate, construction shares up after govt relaxes FDI rules

Reuters Market Eye - Unitech up 2.2 percent, DLF gains 3.3 percent while Sobha Developers advances 5.9 percent.

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