Unitech Limited has finalized the sale of its wholly-owned subsidiary, Unitech Power Transmission Limited (UPTL), to Auro Infra Private Limited for ₹510 million. The transaction, approved by Unitech’s Board of Directors and the Hon'ble Supreme Court, is expected to be completed by April 17, 2025.
Key highlights:
-
UPTL specializes in EPC projects for power transmission lines up to 800 KV and operates a state-of-the-art tower manufacturing plant in Nagpur.
-
The sale aligns with Unitech’s restructuring efforts under the Supreme Court-monitored resolution framework.
-
Auro Infra will acquire UPTL on an "as-is-where-is-whatever-is" basis, ensuring continuity in its operations and workforce.
This strategic divestment is expected to help Unitech address liquidity challenges while enabling UPTL to tap into new growth opportunities under Auro Infra’s management.
Source: Based on reports from MarketScreener, Unitech Group filings, and NSE disclosures