NRI Gets Hold of 50% in Unitech’s Overseas Investment Arm

NRI Gets Hold of 50% in Unitech’s Overseas Investment Arm
Monday, December 18, 2006

Indonesian-based NRI, Prasoon Mukherjee has acquired 50% stake in Unitech Corporate Parks, an overseas investment arm of Unitech Ltd which earlier raised £360 million on London Stock Exchange’s junior venue, the alternative investment market (AIM).

The company has raised $698 million through an initial public offering (IPO) of 360 million shares on AIM. The proceedings will be used to finance six commercial real estate development projects. Of this, four are IT SEZs and one IT park in the NCR region, and an IT SEZ in Kolkatta.

Photo: International Tourism and Central Business District – 04 by Anna Frodesiak, licensed under CC0, via Wikimedia Commons.