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OZM Och Ziff Capital Management Group Inc

20.47
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Och Ziff Capital Management Group Inc NYSE:OZM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.47 0 01:00:00

Unitech Raising INR16.21 Billion Via Share Sale To Institutions

20/04/2009 11:56am

Dow Jones News


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Unitech Ltd. (507878.BY), one of India's biggest property developers by sales, has received offers to raise for about INR16.21 billion by selling shares to institutional investors, a senior executive said Monday.

The investors include Singapore-based Orient Global, Hong Kong's Och-Ziff Capital Management Group LLC and U.S.-based Sandstone Capital, the executive, who asked not to be named, told Dow Jones Newswires.

"The issue has been subscribed nearly three times," the executive said.

About 90% of the issue has been subscribed by foreign institutions and the remainder by Indian investors, the executive said.

-By Santanu Choudhury, Dow Jones Newswires: +91-11-4356-3305; santanu.choudhury@dowjones.com

 
 

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