New Delhi: Realty firm Unitech Ltd has floated two fixed deposit schemes, offering an interest rate of 11-12%.
Under the non-cumulative scheme, it is offering 11% interest on a minimum public deposit of Rs25,000 for a year, 11.5% for two years and 12% for three years, Unitech said in an advertisement on its website.
As part of the cumulative scheme, the minimum deposit Unitech is accepting is Rs25,000 for six months and Rs10,000 for one year, two years and three years with an interest rate of 11-12%.
Unitech, which recently raised Rs1,621 crore through a qualified institutional placement issue, has been selling assets to ease liquidity crunch. The company is targeting to raise Rs900-1,100 crore through asset sales.
JSW Steel plans to raise funds overseas
Mumbai:JSW Steel Ltd said it plans to raise funds selling securities overseas. The plan will be considered at a board meeting on 28 May, the Mumbai-based company said on Friday in a statement to the Bombay Stock Exchange, without mentioning the amount.