Unitech soars on clocking Rs 1,000 crore deal with Accenture

21 Oct 2013

Unitech is currently trading at Rs. 18.70, up by 0.55 points or 3.03% from its previous closing of Rs. 18.15 on the BSE.

The scrip opened at Rs. 18.70 and has touched a high and low of Rs. 18.95 and Rs. 18.50 respectively. So far 1371668 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. 19.70 and Rs. 17.65 respectively. The current market cap of the company is Rs. 4918.65 crore.

The promoters holding in the company stood at 48.27% while Institutions and Non-Institutions held 32.52% and 19.21% respectively.

Unitech and its group firm Unitech Corporate Parks (UCP), which is listed in London, have entered into agreement with Accenture. As per the agreement, Unitech Group has leased 8.1 lakh square feet of space in its under-construction Gurgaon IT SEZ to Accenture for Rs 1,000 crore of rental income over 15 years.

The said agreement will help Unitech and UCP to get better valuation for their SEZ ‘IST Infospace Gurgaon’, which has a total leasable area of 36 lakh sq ft. Moreover, Unitech and UCP are in talks to sell their entire stake in the special economic zone (SEZ) being built for IT companies in Gurgaon.

Earlier in September this year, Unitech and UCP had leased 8 lakh sq ft of office space in another SEZ in Gurgaon to US-based consultancy firm Aon Hewitt for 15 years.

 

Related Unitech Ltd. Links:

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