The liquidity position of the cash-strapped realtor United Ltd is expected to improve, with the company recently raising Rs 1,625 crore at Rs 38.50 per share through qualified institutional placement (QIP) issue. The proceeds from this sale of new shares to qualified institutions will help the country's second-biggest real estate developer repay a part of its more than Rs 8,900-crore debt.
According to domestic institutional investors, the debt-ridden Indian real estate bigwig Unitech Ltd intends raising Rs. 1,250 crore by way of a qualified institutional placement (QIP) of shares, for the repayment of part of its debt of more than Rs. 8,000 crore.
An unnamed company official said that the funds, likely to be raised by the end of this month, would help the company cut its debt by Rs 1,000 crore by June this year.
London, April 7: The owners of the Empire State Building have announced that they are planning to turn the tall skyscraper ‘green’, by investing an additional 20 million dollars to reduce its carbon footprint and energy consumption.
According to a report in the Guardian, the current owners of the 102-storey office block, Wien and Malkin, hope to buck the economic trend by making the building environment friendly and charging higher rents.
Washington - The United States launched a new crackdown Monday on mortgage fraud that may have contributed to the country's worst housing downturn in decades.
The US Justice Department, Treasury and other government agencies announced a joint effort to target bogus companies that have sprouted up offering mortgage refinancing and foreclosure help.
More than 3 million people were in foreclosure in 2008, a record that helped drive down US home prices and spurred the financial crisis that has plunged the world into recession.
Stock market expert has maintained ‘Buy’ rating on Unitech stock to achieve an intraday target of Rs 36.50.
According to him, day traders can buy the stock around Rs 34 with a stop loss of Rs 33.50.
Shares of the company, on Monday (March 30), closed at Rs 33.70 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 5.62 and 6.25 respectively. The share price has seen a 52-week high of Rs 338 and a low of Rs 21.80 on BSE.
The liquidity position of the cash-strapped realtor United Ltd is expected to improve, with the company recently raising Rs 1,625 crore at Rs 38.50 per share through qualified institutional placement (QIP) issue. The proceeds from this sale of new shares to qualified institutions will help the country's second-biggest real estate developer repay a part of its more than Rs 8,900-crore debt. 
According to domestic institutional investors, the debt-ridden Indian real estate bigwig Unitech Ltd intends raising Rs. 1,250 crore by way of a qualified institutional placement (QIP) of shares, for the repayment of part of its debt of more than Rs. 8,000 crore.
London, April 7: The owners of the Empire State Building have announced that they are planning to turn the tall skyscraper ‘green’, by investing an additional 20 million dollars to reduce its carbon footprint and energy consumption. 
Washington - The United States launched a new crackdown Monday on mortgage fraud that may have contributed to the country's worst housing downturn in decades.
Stock market expert has maintained ‘Buy’ rating on Unitech stock to achieve an intraday target of Rs 36.50.
