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Unitech approched for sale of subsidiary

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Capital Market

Also approached for stake sale in its IT SEZs/ parks

Unitech has announced that Unitech Corporate Parks Plc (UCP) has announced that it has received an approach from a third party expressing interest in potential acquisition of its wholly owned subsidiary Candor Investment and that it is currently in discussions regarding a possible sale of this subsidiary.

Further, the Unitech Group has also been approached by a third party in relation to a strategic alliance for carrying out the remaining development of the IT SEZs / parks currently under development along with the potential acquisition of its stake in certain IT SEZs / parks.

 

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First Published: Apr 03 2014 | 12:22 PM IST

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