October 10, 2006
The media had reports that Unitech Ltd is likely to raise Rs. 2,500 crore via dilution of equity stake to private equity players.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Unitech Ltd has vide its letter inter-alia stated, "We would like to inform you that the contents of this news item are not based upon any information provided by the Company and are incorrect. It may please be noted that the Company does not have any plans, at the moment of diluting equity stake to private equity players."
Source: National Stock Exchange of India Limited
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