The Banking and Strategy Initiative

Chillin' out till it needs to be funded

An investment in Unitech

New Delhi: The net debt of the country’s No. 2 listed realty firm, Unitech Ltd will come down to Rs5,000 crore by the first week of July, following an infusion of Rs2,800 crore into the company last week through a private placement of shares, people familiar with the development said.

 Better cash flow: Unitech has been raising funds from the beginning of this year to improve cash flow and reduce the company’s huge debt. Madhu Kapparath / Mint

Better cash flow: Unitech has been raising funds from the beginning of this year to improve cash flow and reduce the company’s huge debt. Madhu Kapparath / Mint
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