Beleaguered Real Estate Company, Unitech Ltd has informed that the aggregate no of shares pledged by the promoter or every person forming part of the promoter group is 803350407 constituting 49.48% of the outstanding shares of the Company.
Prakausali Investments (India) Pvt Ltd
Mayfair Investments Pvt Ltd
Mayfair Capital Pvt Ltd
Tulip Investments Ltd
R V Techno Investments Pvt Ltd
Indrus Contertrade Pvt Ltd are some of the Holding companies controlled by Unitech promoters.
In the absence of speculated sops to Greedy Real Estate Developers in the interim budget, Realty stocks took a beating on the bourses today. Unitech fell 5.34% to Rs 30. Unitech stock price has decayed from an all time high of Rs 450 destroying more than 90% of investors wealth.