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Markets | Unitech floats two fixed deposit schemes

Markets | Unitech floats two fixed deposit schemes
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First Published: Sat, May 23 2009. 12 58 AM IST

Updated: Sat, May 23 2009. 12 58 AM IST
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.
NewsWire18
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Bloomberg
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First Published: Sat, May 23 2009. 12 58 AM IST