Diabytes
Unitech promoters News
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The promoters of real estate firm Unitech Ltd, Sanjay Chandra and Ajay Chandra, have been sent to police custody for four days by a Delhi court in an alleged cheating case relating to a housing project in Greater Noida.
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Real estate company Unitech on Monday told the Supreme Court that they have complied with its direction and deposited 14 per cent interest on Rs 16.55 crore invested by 39 home buyers at its Gurugram's project.
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Most people lost their money, some their lives' savings by investing in the Unitech scheme.
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Unitech promoter firm Mayfair Capital's shareholding has come down by 2.17 per cent with lenders invoking 5.67 crore pledged shares.
The shareholding of promoters in realty firm Unitech has come down sharply by nearly 13 percent to 32.61 percent as on June 30.
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