Unitech puts infra expansion plans on hold

Unitech puts infra expansion plans on hold

Mumbai: Real estate firm Unitech Ltd said on Monday it has put on hold a plan to expand its infrastructure business and withdrawn another to merge two of its subsidiaries due to poor macroeconomic scenario.

“Keeping in view the prevailing macroeconomic scenario, the company has decided to put its plans to expand the infrastructure business on hold and focus on its core business," it said.

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