Unitech board approves fresh fund raising
India's leading real estate developer Unitech is on a debt restructuring spree and says it is likely to be able to roll over most of its debt this fiscal. Further, the company has also got a go ahead from its board to raise money through stake sale. At one time Unitech's tall dreams were under threat of collapsing under the weight of its huge debt, but now it seems the company has finally managed to wriggle its way out.
