Oct 08, 2013, 04.10 PM IST
In a deal that could turn out to be the biggest in 2013, Unitech is looking to sell its Gurgaon IT SEZ for a whopping Rs 2,600-2,700 crore, sources tell CNBC-TV18's Nayantara Rai.
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Unitech to sell Gurgaon IT SEZ for Rs 2600-2700cr: Srcs
In a deal that could turn out to be the biggest in 2013, Unitech is looking to sell its Gurgaon IT SEZ for a whopping Rs 2,600-2,700 crore, sources tell CNBC-TV18's Nayantara Rai.
Like this story, share it with millions of investors on M3
Unitech to sell Gurgaon IT SEZ for Rs 2600-2700cr: Srcs
In a deal that could turn out to be the biggest in 2013, Unitech is looking to sell its Gurgaon IT SEZ for a whopping Rs 2,600-2,700 crore, sources tell CNBC-TV18's Nayantara Rai.
The SEZ is owned by Unitech Corporate Park (UCP), an entity listed on London's stock exchange. Unitech owns 14 percent in the company. Meanwhile, it also holds a 40 percent stake in the zone. If the deal goes through, it will be the largest in calendar year.
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After multiple rounds of bidding, Blackstone and GIC have been shortlisted as two final contenders. Both have placed their bids in the Rs 2,600-2,700 crore range, sources say.
The board of UCP will meet next week where the last round of bidding will take place between the two companies. Sources say that the due diligence process for the company has been completed.
Leasing activity in the SEZ went up by almost 80,000 square feet. Unitech is expecting an upward revision in the bid prices.
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