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India’s Unitech plans sale of assets to raise funds

Posted on 27 November 2008

From Business-standard.com: In a bid to tide over the current financial crisis, Unitech, the second largest real estate developer in the country, is planning to raise money by selling some of its assets, such as hotels and commercial real estate.

Unitech is aiming to divest three of its hotels projects that are nearing completion. Depending upon the success of negotiations, these projects may be divested by 2009….. Full Article: Source


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