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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Unitech to raise Rs 1000 cr in next few months to repay debt

Posted on 12 March 2014

Real estate player Unitech plans to raise Rs 1000 crore in the next few months from sale of non-core assets for repayment of its debt. According to people close to the development, the company has already sold 11 acres of non-coreland parcels in Bangalore and Mysore for about Rs 130 crore.
Unitech Corporate Parks, a Unitech group firm listed in London, has been negotiating with private equity firm Blackstone and Singapore’s sovereign wealth fund GI Cover the past few months to sell its IT SEZ in Gurgaon for about Rs 2,700crore………………………………………..Full Article: Source


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