NBR Developers
Citiescities-arrow
  • more-arrow-down
    • Please wait while loading other cities loading...

Unitech raises USD 325 million through new shares sale

  • No. 1 Property Portal in India
  • Over 25 Lakhs Apartments and More
  • Post Free Residential Properties in India
  • Find Property in Bangalore
  • Buy/Sell/Rent Apartments in India
  • Search Latest Residential Property in India
  • Get Free Alerts on Property Requirements
  • Find Agents/Buyers for your Property
mobile-ad
Unitech has raised USD 400 Million by selling new shares to institutional investors through a qualified institutional placement (QIP). Sources of www.propertykhazana.com said that, “The shares were set at Rs. 40 each, about 100% of the issue is placed with FIIs comprising HSBC, Orient Global, Och-ziff, Sandstone Capital and Prudential. The leftover is with the domestic funds and the feedback to the QIP was burly.” It also indicated that 45 Crores new shares were issued for the QIP, the promoter holding is expected to be weak to 52% and Unitech promoters lastly held almost 65% share. From many months, Unitech is having talks with fiscal institutions to estimate investor interest for the QIP and even MD of Unitech is communicating with the investors in Mumbai in research of the planned issue.
Company which is experiencing a big fiscal crisis and has almost Rs. 9,000 Crores debt on its balance sheet, taped in IDFC SSKI to handle the QIP issue. The profits of the QIP will mainly be used to service the company’s debt and the shares of Unitech finished about 10% lesser at Rs. 45 on the Bombay Stock Exchange. It had striked a high of Rs. 350 on May and less of Rs. 22 in November. For more updates on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

Property Listings

Apartments, Flats and Property for Sale in Delhi

Apr 11, 2016
Mayflower is a super luxury property for elite buyers/HNI's in Mayfair Garden,South Delhi which is a top posh green & gated neighborhood..
Feb 29, 2016
Delhi Heights Multistate CGHS Limited an emerging real estate builder in Delhi offering Royal Homes Residential Projects in Delhi in 2 BHK + 2T, 2..
Feb 27, 2016
Delhi Heights offers 2 and 3 bhk apartment in..
Jan 31, 2016
Independent Corner NE On Road Facing Fully Ventilated with abundant sunshine and water facility flat with clear..
Jan 31, 2016
1BHK/Shop/Godown/Office Ground Floor 2 Side Open Corner On Road KishanGarh Tri Junction NE Facing 750 Sq Feett Separate Water/ Electric Meters..
Dec 11, 2015
3 Bedroom apartment for sale in L Zone Dwarka, New Delhi with super area 1350 sq ft. The project site is located at a short distance from Dwarka..
Sep 23, 2015
Revanta Smart Homes is a vibrant realty society with a vision for quality and on-time delivery. It houses all the basic facilities within the..
Nov 17, 2014
Lodha Palava city strategically located right in middle of Thane-Kalyan,Dombivali & Navi Mumbai. the first time in India that an..
spacer

Apartments, Flats and Property for Rent in Delhi

Jul 04, 2016
2 BHk FLat on rent fully independent flat with almirah modular kitchen ,tiles flooring, with..
Feb 09, 2016
"A house is made of walls and beams but a home is made of love and dreams." We realize the value of the feeling of being at..
Feb 09, 2016
"A house is made of walls and beams but a home is made of love and dreams." We realize the value of the feeling of being at..
Feb 09, 2016
A house is made of walls and beams but a home is made of love and dreams." We realize the value of the feeling of being at home Our new..
Feb 09, 2016
"A house is made of walls and beams but a home is made of love and dreams." We realize the value of the feeling of being at..
Feb 09, 2016
"A house is made of walls and beams but a home is made of love and dreams." We realize the value of the feeling of being at home..
Feb 05, 2016
Woodpecker Apartments features fully furnished apartments (Bed & Breakfast) only 3 Rooms, with free Wi-Fi and kitchen facilities.It..
Feb 05, 2016
For Rent Newly Built Second Floor Four Bedrooms Attached Bathrooms, Drawing, Dining, Modular Kitchen equipped with Cooking Gas, Electric Chimney,..
Nov 25, 2015
Nicely Build IIIrd Floor Having 3 Bedrooms Attached Bathrooms, Drawing-Dining, Modular Kitchen, Cooking Gas, Car Parking, Lift, Covered Area 1600..
Nov 25, 2015
For Rent at Defence Colony, Newly Built Flat on Second Floor, 4 Bedrooms Attached Bathrooms, Drawing-Dining, Modular Kitchen, Car Parking, Lift,..
spacer
spacer
spacer
spacer
spacer