Unitech Ltd (UNTE.BO)
28 Jul 2014
|Market Cap (Mil.):||Rs67,631.38|
|Shares Outstanding (Mil.):||2,616.30|
NEW DELHI - Foreign private equity funds and pension funds are among investors that over the last 12 months have committed to invest more than $1 billion to buy or build commercial property in India as the government works to finalise rules governing real estate investment trusts (REITs).
Reuters Market Eye - Unitech Ltd shares fall as much as 4.8 percent after posting a wider-than-expected 515.5-million-rupee($8.76 million) loss in the January-March quarter.
* Shares in India's Unitech Ltd fall as much as 4.8 percent after posting a wider-than-expected 515.5-million-rupee($8.76 million) loss in the January-March quarter. * Unitech shares have more than doubled since the end of February on expectations policy reforms from the new Modi government would lead to a rally in the sector. * "As the stock has ran up sharply, we advice clients to encash existing positions," said an analyst with a domestic brokerage. * Shares in Unitech were down 4.3 percen