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Unitech soars on the buzz of shortlisting GIC and Blackstone for Gurgaon IT SEZ

20 Aug 2013

Unitech is currently trading at Rs. 16.60, up by 0.40 points or 2.47% from its previous closing of Rs. 16.20 on the BSE.

The scrip opened at Rs. 15.85 and has touched a high and low of Rs. 16.85 and Rs. 15.60 respectively. So far 1891524 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 40.90 on 15-Jan-2013 and a 52 week low of Rs. 14.65 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 18.35 and Rs. 15.60 respectively. The current market cap of the company is Rs. 4329.98 crore.

The promoters holding in the company stood at 48.35% while Institutions and Non-Institutions held 33.50% and 18.15% respectively.

Unitech has reportedly shortlisted GIC and Blackstone to sell its Gurgaon IT SEZ, which is a part of London’s Alternative Investment Market (AIM)-listed Unitech Corporate Parks for more than Rs 2,700 crore. Xander, Tishman and Maple Tree are out of the race to buy the SEZ. Unitech Corporate Parks holds 60% stake in the assets, including this SEZ, while, Unitech holds remaining 40% stake.

Unitech, being one of the leading real estate companies, has several business segments relating to residential, commercial, Information Technology (IT) parks, retail, amusement parks, etc, with over four decades of achievement and continues to be a prominent player with high degree of quality and affordable real estate in the Indian market space.

Related Unitech Ltd. Links:

Unitech Share Price

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