Sunteck Realty to raise Rs 151 crore on preferential basis

30 Oct 2017

Sunteck Realty has received an approval to issue equity shares on preferential basis of face value of Rs 1 to the Promoters and Promoters Group namely Astha Trust, Glint Infraprojects, Eskay Infrastructure Development, Starteck Infraprojects, i.e. Equity Shares 46,67,697 at an issue price of Rs 323.50 (including a premium of Rs 322.50) per equity share amounting approximately to Rs 151 crore. The Board of Directors of company at their meeting held on October 27, 2017 has approved the same.

Sunteck Realty is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.

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