NEWSALERT: Telenor to get new chairman says Unitech

Posted By: Religare
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Telenor to get new chairman
Unitech: Quotes, News
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An announcement was made by Unitech today that a new Chairman has been appointed for its joint venture with Telenor, which is known as Uninor.

Earlier, Sanjay Chandra was the one leading the venture as the Chairman, but because of his arrest in the 2G spectrum case, he was asked to step down. Sanjay Chandra got arrested on April 20, 2011, accompanied by four other executives which included three from Reliance ADA Group and one from Swan Telecom.

The Unitech Group is India's second largest real estate investment company, and has recently claimed to be the largest real estate builder in the country.

Its construction business includes highways, roads, powerhouses, transmission lines, and it has residential projects called Unitech Cities/Uni World, in cities like Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Kochi, Noida, Greater Noida, Agra, Lucknow, Varanasi, Gurgaon, and Ghaziabad.

Read more about: unitech, telenor, real estate, corruption
Story first published: Tuesday, April 26, 2011, 12:32 [IST]
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