The second largest realty firm of the country, Unitech Ltd would raise Rs 5,000 crore from the market through issuances of debt, equity and semi-equity. The plan is approved by the company's board after its meeting on January 19, 2009 following the approval of the stake holders. The funds would be used to repay debts of over Rs 8,000 crore. However, it would cause significant dilution of promoter's share in the company.  
 
The managing director of Unitech, Sanjay Chandra said, "The Company could raise these resources through private placement, public issues on overseas stock exchanges, non convertible bonds, foreign currency convertible bonds or a combination of these This is an enabling resolution that have been approved, so that whenever the company need to raise money, there is no requirement of going again to seek shareholders' approval."
 
The real estate firm is also in touch with the private equity firms and strategic investors to raise another Rs 4,000 crore from other assets such as hotels, commercial real estate and institutional land. All transactions would be completed by January 2009. It had also planned to raise Rs 4,000 crore earlier this year but the crash of the Indian stock market forced to it pull out.

The total market capitalization of the company is just Rs 7,500 crore on the basis of the prevailing share price of Rs 45.