Sunteck Realty gains on planning to raise Rs 151 crore on preferential basis

30 Oct 2017

Sunteck Realty is currently trading at Rs. 349.45, up by 2.75 points or 0.79% from its previous closing of Rs. 346.70 on the BSE.

The scrip opened at Rs. 349.40 and has touched a high and low of Rs. 356.00 and Rs. 345.25 respectively. So far 22258 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 389.15 on 23-Oct-2017 and a 52 week low of Rs. 86.98 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 389.15 and Rs. 317.00 respectively. The current market cap of the company is Rs. 4934.57 crore.

The promoters holding in the company stood at 73.82%, while institutions and non-institutions held 14.05% and 12.14% respectively.

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.

Related Sunteck Realty Ltd. Links:

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