Key Developments: Unitech Ltd (UNTE.NS)

UNTE.NS on National Stock Exchange of India

29 May 2015
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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

BUZZ-Traders bet on extended rally in Unitech via call options

** Shares heading towards their biggest daily gain since last September

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