NEW DELHI, July 1 (Reuters) - Unitech Ltd, India's No.2 listed real estate firm, said on Wednesday it would raise 27.89 billion rupees ($580 million) by issuing shares to qualified institutional buyers.
The company said it would issue 344.4 million shares at 81 rupees each and the closing date of the issue was June 30.
Sources told Reuters earlier this week Unitech would get the money in early July..
($1=48.1 rupees)
(Reporting by Devidutta Tripathy; Editing by Lincoln Feast)
((devidutta.tripathy@thomsonreuters.com; +91 11 4178 1009; Reuters Messaging: devidutta.tripathy.reuters.com@reuters.net)) Keywords: UNITECH/FUNDS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The company said it would issue 344.4 million shares at 81 rupees each and the closing date of the issue was June 30.
Sources told Reuters earlier this week Unitech would get the money in early July..
($1=48.1 rupees)
(Reporting by Devidutta Tripathy; Editing by Lincoln Feast)
((devidutta.tripathy@thomsonreuters.com; +91 11 4178 1009; Reuters Messaging: devidutta.tripathy.reuters.com@reuters.net)) Keywords: UNITECH/FUNDS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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