Tuesday, November 18, 2008

Real estate major Unitech has put on the block all its six hotel projects under construction to reduce its capital expenditure and raise cash to fund its other ongoing projects .The company is in talks with a few private equity (PE) investors to sell all its six properties, being constructed at Gurgaon and Kolkata. It is planning to divest up to 100% stake in all six properties, comprising 1,000 rooms.


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