Unitech sells power transmission business to Sterling and Wilson
Crisis-hit realty firm Unitech Ltd Tuesday said the company has sold its power transmission business to Sterling and Wilson.
Unitech Power Transmission is engaged in the business of manufacturing and installation of power transmission lines.
In a regulatory filing, Unitech said it has entered into a share purchase agreement with Sterling and Wilson Pvt Ltd to sell entire issued and paid-up share capital of Unitech Power Transmission Ltd.
The company, however, did not disclose the deal value.