Unitech touches roof on entering into agreement to sell entire stake of Unitech Power Transmission

27 Mar 2019

Unitech is currently trading at its upper limit of Rs. 1.30, up by 0.06 points or 4.84% from its previous closing of Rs. 1.24 on the BSE.

The scrip opened at Rs. 1.29 and has touched a high and low of Rs. 1.30 and Rs. 1.28 respectively. So far 1768449 shares were traded on the counter.

The BSE group 'Z' stock of face value Rs. 2 has touched a 52 week high of Rs. 7.17 on 04-Apr-2018 and a 52 week low of Rs. 1.05 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 1.39 and Rs. 1.17 respectively. The current market cap of the company is Rs. 340.12 crore.

The promoters holding in the company stood at 6.51%, while Institutions and Non-Institutions held 11.03% and 82.46% respectively.

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.

Related Unitech Ltd. Links:

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