Unitech said it has offered to acquire London-listed Unitech Corporate Parks through an all cash deal worth nearly Rs 700 crore, which is 22 per cent more than the current market valuation.
UCP, which was formed in late 2006 by Unitech, among others, to invest in Indian commercial real estate, had raised 360 million pounds through listing at London Stock Exchange’s (LSE) AIM market. It had bought 60 per cent stake in the six commercial projects, being developed by Unitech in the National Capital Region and Kolkata.
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