The shareholding pattern of real estate major Unitech has undergone a change, with promoters increasing their stake to 48.6 per cent upon conversion of warrants into equity. Chandra and his sons had pumped Rs 380 crore into the company in December to convert the last tranche of warrants held by them into equity, which increased their combined stake holding to 48.6 per cent.
Unitech is a widely held company with over 600,000 shareholders. FIIs’ holding in the company stands at 34.2 per cent and remained constant during the previous quarter. Marquee investors like HSBC, Platinum, Morgan Stanley and Mathews International hold a considerable stake in Unitech.
