By calling for a private placement of equity shares in overseas, Unitech, a major real estate group could manage to get USD 575 million equity funds quoting Rs. 80 per share which shows that there is a increase in the investors in the Indian realty market. As the demand for investment was over-whelming, the company though had initial plans to rise only USD 200 million subsequently increased the issue size. As per the report saying at the www.propertykhazana.com, there was a total demand of over USD 1 billion in the auction.
As per the understanding, over 340 million shares will be issued by the company which will help it to increase its equity base by over 17% and thus lower the promoters’ stake by nearly 40%. Since in May, there was a change in the alteration of warrants subscribed by the promoter, @ Rs. 50 per share for Rs. 1160 crore, the promoter’s stake would increase by 48%. In April, the company sold 425 million shares @ Rs. 38.50 per share to private equity funds and raised USD 330 million. As quoted by a senior official of the company, this is the last dilution of the company’s capital base. The Friday’s accumulated funds may partly be used to clear the debt of the high cost of the company and the rest to start inexpensive houses in different parts of the country, as the company has a loan of Rs. 7,800 crore.
It is also added by the source at the www.propertykhazana.com that the company has plans to construct 20,000 reasonably priced houses with an investment of Rs. 1,800 crore. It is also thinking of selling 15,000 flats in 2009-10 by way of converting its premium projects as inexpensive housing as there is a more demand for the same and thus building of inexpensive houses will boost the cash flow of the company. For more and latest realty updates visit www.propertykhazana.com.
Apartments, Flats and Property for Sale in New Delhi
Aug 01, 2015
Victorian Corporation is offering 2 bhk flat in Dwarka L Zone Delhi in its new residential project Victorian Privilege. The project is located in..
Jun 11, 2014
Antriksh Group launches a world class famous residential project of Antriksh Golf City noida. Types :Apartment, 2BHK, 3BHK Sizes :1050 - 1665 sq..
Apr 11, 2014
Well located apartment available for sale with all the modern amenities like power-backup, intercom, 24 hours security with CCTV surveillance,..
Mar 15, 2014
3 Bhk apartment for sale in rohini ........Please contact for more..
Mar 12, 2014
Available 1st and ground floor for sale at reasonable price,2+1 with 1 attached toilet,white marble flooring,modular kitchen,very near to main..
Feb 22, 2014
3 bhk apartment for sale in rohini delhi north.....please contact for more..
Feb 22, 2014
3 bhk apartment for sale is available in delhi north ..........please contact for more..
Feb 11, 2014
When you want to create a fresh perspective for your life, this is the best real estate option for you and your family. A self sufficient township..
Feb 10, 2014
Corner,200 yards (1800 sq Ft covered area),Freehold property,located in commercial road,in LAJPAT NAGAR-1, New Delhi.Three side balcony,3 Big Bed..
Dec 07, 2013
House is a building for human habitat on. It is one of the basic needs for many people, owning a home brings a sense of pride freedom that cannot..
Apartments, Flats and Property for Rent in New Delhi
Oct 10, 2016
Luxurious PG Accommodation for Studying and Working girls & Boys in Amity University Noida Sector 125. we have provided washing Machine,..
Jul 19, 2016
For Rent New Friends Colony, Newly Built Second Floor 3 Bedrooms attached bathrooms, Drawing-Dining, Modular Kitchen, Excellent Wood work, Car..
Jan 14, 2016
For Rent at New Friends Colony, Nicely Built Third Floor 3 Bedrooms Attached Bathrooms, Drawing, Dining, Modular Kitchen, Car Parking, Woodwork,..
Jan 14, 2016
FOR RENT DEFENCE COLONY NEWLY BUILT SECOND FLOOR 4 BEDROOMS ATTACHED BATHROOMS, DRAWING, DINING, MODULAR KITCHEN, CAR PARKING, LIFT, S.Q. RENT..
Jan 06, 2016
FOR RENT DEFENCE COLONY NEWLY BUILT SECOND FLOOR 4 BEDROOMS ATTACHED BATHROOMS, DRAWING, DINING, MODULAR KITCHEN, CAR PARKING, LIFT, RENT..
Mar 12, 2014
Available 1st floor on rent in affordable price,2+1 with 1 attached toilet,white marble flooring,modular kitchen,nice location,very near to main..
Feb 25, 2014
Fully furnished 1 room with attached bathroom surrounding by green..
Jan 04, 2014
We offer our 3 BHK furnished apartment in defence colony. Apartment has three bedrooms with attached bathrooms. It has a modular kitchen which is..
Jun 05, 2013
1 ROOM SET, 1 BHK AND 2 BHK FULLY - FUNISHED are available for Rent in New Delhi at VASANT..