Unity announces five-for-one stock split

Unity Infraprojects Ltd., (BSE: 532746), one of India’s major Civil engineering and Infrastructure Company, has announced a five-for-one stock split under which each of its equity shares of Rs 10/- face value will be split into five shares of Rs.2/- each.

Mr. Abhijit Avarsekar, VCMD & CEO, said, “This stock split would improve the liquidity of the company's equity shares in the stock market. This will also make our shares more affordable to small investors and the increased liquidity would attract the Foreign Institutional Investors, as the Company has also obtained the approval of its members for increase in limits up to which FIIs can invest in the shares of the Company from existing 24% to 49% of the Paid up capital of the Company.” 

Unity has recently received the prestigious "Essar Steel Infrastructure Excellence Awards" in the Railway Category for successful completion of "Tripura Tunnel Project" at the hands of Shri. Kamal Nath, Union Minister for Surface Transport at a dazzling function held at Delhi.

About Unity Infraprojects Ltd.
Unity Infraprojects Ltd. provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects. Besides civil construction, the company’s project expertise includes transportation engineering, irrigation, water supply and urban infrastructure projects. Unity is the flagship unit of the Mumbai based KK Group of Companies which has interests across a wide spectrum of businesses such as concrete block manufacturing and quarrying, hospitality and organized retailing industries.

With an established presence in engineering, irrigation and transportation, Unity is successfully diversifying its business model. Some of the landmark projects done by Unity are Expansion & Modification at Chhatrapati Shivaji International Airport, Mumbai; Millennium Business Park in Navi Mumbai; Mass Housing Projects for DDA in Delhi; New Secretariat Complex in Assam; Tsunami Re-construction Project in Andaman & Nicobar Islands; Jupiter Mills in Mumbai; Nizam Institute of Medical Science in Hyderabad; High Court in Karnataka.

Unity also has presence in real estate BOT space. The company is ISO 9001-2000, ISO 14001-2004 and OHSAS 18000-2007 certified with accreditation from the ANSI-ASQ National Accreditation board. It has a market capitalization of approximately Rs. 900 crore; and is listed in BSE & NSE.