Market regulator Sebi on Friday disposed of its investigation against Unitech’s erstwhile promoters Sanjay Chandra and Ajay Chandra in a case pertaining to the alleged routing of funds to the Indian securities market using overseas bank accounts as it found no evidence.

Sebi disposes of investigation against Unitech’s former promoters

SEBI, after an investigation, has dismissed the proceedings initiated against Sanjay Chandra and Ajay Chandra.

Unitech’s Former Promoters Cleared Of Stock Manipulation Charges By SEBI

The duo will, however, will continue to remain in jail as they are accused in a money laundering case.

Delhi Court Grants Bail To Ex-Unitech Promoters Sanjay, Ajay Chandra

The ED has provisionally attached 39.83% share of 4.79 acres of land that forms part of the Uniworld City township at Nallambakkam in Chennai.

Unitech Case: ED Provisionally Attaches Land Worth Over Rs 125 Crore

The court took note of the submissions of the law officer that Chandra’s passport issued by the Dominican Republic was with the ED’s investigating officer probing the money laundering case

Money Laundering Case: SC Asks Ex-Unitech Promoter’s Wife to Submit Passport to Renounce Citizenship of Dominican Republic - News18

The incident happened in the night on July 28 at Unitech Fresco in Sector 50 of Gurugram

Gurugram: Pet Dog Attacks Woman, Infant At Housing Society, Owner Booked - News18

The Supreme Court issued notice to former Unitech promoter Sanjay Chandra’s wife, Preeti Chandra, on Enforcement Directorate (ED) plea challenging the Delhi HC order granting bail

Supreme Court issues notice to former Unitech promoter Sanjay Chandra’s wife Preeti Chandra

Unitech Inter Standalone March 2023 Net Sales at Rs 5.26 crore, down 3.01% Y-o-Y

The Enforcement Directorate (ED) has taken physical possession of 15 land parcels situated in Gurugram, Haryana, having book value of ₹245.05 crore.

Enforcement Directorate seizes ₹245-crore worth land parcels of Unitech in Gurugram

The Supreme Court on Wednesday allowed the government-appointed board of Unitech to submit its revised layout and building plans for nearly 10 projects spread across Noida and directed the Noida authority, the landowning agency, to process the same without insisting on upfront payment of dues. The b…

SC gives clearance to Unitech stalled projects; directs Noida authority not to insist on dues

Former Unitech promoters Sanjay Chandra and Ajay Chandra on Wednesday urged the Supreme Court that either their bail pleas be heard by it or they be allowed to move the trial court for securing relief in a financial fraud case in which they are in

Ex-Unitech promoters in SC seeks hearing on bail pleas in fraud case

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

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Default probability

Red flags

Unitech Limited is a real estate development and infrastructure company that focuses on large and mixed-use developments.

Unitech Ltd