Another LIC Breather For Unitech
  • Elizabeth George
  • Oct 15 2013

October 15: LIC has given debt-burdened real estate company Unitech another breather after three previous rounds of restructuring. Unitech now has time until 2018 to repay a further Rs.130 crore at 12% interest per annum. In this segment, we tell you more about the situation as the real estate company struggles with a slowing sector and increasing debt amid the economic slowdown.