Demerging non-core biz a positive for Unitech: Tulsian

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Demerging non-core biz a positive for Unitech: Tulsian

In a move to unlock value in the non-core business, India’s leading real estate developer, Unitech is considering to demerge the business, sources told CNBC-TV18. In an interview with CNBC-TV18, SP Tulsian gave his perspective on Unitech's move and the value it would create for shareholders.

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Excerpts from What's Hot on CNBC-TV18 Watch the full show » RELATED NEWS Unitech considers demerger of non-core biz: Sources ALSO READ See latest News about Unitech See previous management interviews See what other Experts & Brokerages are saying about Unitech Unitech BSE | NSE 30/05/12 Are Mutual Funds betting on Unitech?

Q: How do you see this stock in the light of this development and also what kind of a timeline are we looking at because we know that bankers are currently working on this plan but you will require shareholder approval, board and court approval. So broadly what kind of a timeframe could we possibly be looking at?

A: Again if I presume that the bankers have accepted the mandate now they may take about a month or so and then to go through all the compliances and formalities of passing the resolution and getting court orders and all that will take atleast 5-6 months time so maybe from now onwards the whole process can get completed or initiated in 6-7 months time.