UNITECH TO REPAY RS 2KCR DEBT

Search News

Smarting the global economic downturn and a severe credit crunch, realty major Unitech plans to repay about Rs 2,000 crore of its debt and bring it below Rs 6,000 crore level by the end of this fiscal. The company's total debt currently stands at about Rs 7,800 crore, which would be brought down below Rs 6,000 crore by the end of current financial year, said Unitech managing director Sanjay Chandra. The target would be met through proceeds from sale of various assets, including hotels and school plots, and also non-core investments, he said. Chandra further said that Unitech has already retired about Rs 2,000 crore of debt in the last three months.

Find Lawyer / Law Firm

Advance Ruling on How Goods kept Outside India shall not be Liable for Goods & Services Tax

Recently an application was filed under section 97 of the Central Goods and Services Tax Act, and the Maharashtra Goods and Services Tax Act, 2017  by lNA Bearing India Private Limited, being the More

Legal Consultation - Consult over phone, chat or send questions

Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion  More