Unitech shares up 3%, buyers shortlisted for Gurgaon IT SEZ
Unitech has shortlisted GIC and Blackstone for selling stake in its Gurgaon IT SEZ for more than Rs 2,700 crore, reports CNBC-TV18 quoting sources.
August 20, 2013 / 14:26 IST
Moneycontrol Bureau
Unitech shares gained more than 2 percent in afternoon trade Tuesday as the Delhi-based real estate firm shortlisted GIC and Blackstone for selling stake in its Gurgaon IT SEZ for more than Rs 2,700 crore, reports CNBC-TV18 quoting sources.Unitech has 40 percent stake in Gurgaon IT SEZ.It is learnt that Xander, Canadian Pension Fund, Tishman and Maple Tree may have backed out of race to buy SEZ.Sources say the final buyer of SEZ will be decided by mid-September.Also Read - Unitech Q1 net up 37% at Rs 62.89 cr, sales up 40%At 13:31 hours IST, the stock gained 3.09 percent to Rs 16.70 on the Bombay Stock Exchange. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
