Unitech Corporate Parks Plc, the real estate investment company listed on London’s Alternative Investment Market is planning to put one of its largest assets in India on the block with a valuation of Rs 30bn, according to reports.
Reports said that Infospace Dundahera, coming up in the 28-acre IT-SEZ in Gurgaon near Delhi, is expected to be completed by end of 2013.
The project is being developed by the local land owner and the company and 28% of the proceeds from monetisation will go to the land owner, says report.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.