With reference to the news item appearing in various financial news channels and portals titled ‘Sunteck May Raise Up to $ 100m Via Equity, Stake Sale’, Sunteck Realty has clarified that this is a speculative news and being a responsible corporate, we would keep exchanges and our shareholders informed in case of any specific developments and the Company shall continue to do so as part of its obligation under Clause 36 of Listing Agreement. The Company, during its normal course of business, keeps meeting investors and exploring various opportunities to enhance our shareholders’ value.
The above information is a part of company’s filings submitted to BSE.