Unitech has entered into a share purchase agreement with Sterling and Wilson for sale of entire stake of Unitech Power Transmission. Post the completion of the aforesaid transaction Unitech Power Transmission will become a wholly owned subsidiary of Sterling and Wilson.
Unitech Power Transmission is an entity engaged in the business of manufacturing and installation of power transmission lines and currently is a wholly owned subsidiary of the company. Earlier, the company had received approval from Supreme Court of India for the same.
Unitech is engaged in real estate activities. The company is engaged in developing/constructing residential and commercial properties in India and selling the immovable properties to customers.
