
Unitech Appoints E&y For Demerger Plan By: Abhinav kumar
Realty major Unitech said on Tuesday it had appointed Ernst &Young (E&Y) and two other advisors for exploring opportunities for potential restructuring of its business, to unlock value for shareholders. The company's board of directors has constituted a restructuring committee for evaluating opportunities for "potential merger of subsidiaries, demerger and other forms of restructuring, or acquisition, or spin-off with the ultimate object of enhancing and unlocking shareholders' value"
Courtesy:-BS dt:- 07-April-2010
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Courtesy:-BS dt:- 07-April-2010
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