Sunteck Realty has received approval to raise funds not more than Rs 2,000 crore in one or more tranches either by way of QIP, FPO, ADR, GDR, rights issue, debt issue, preferential issue, FCCB etc. The Board of Directors of the Company at its meeting held on May 02, 2019 has approved the same.
Out of Rs 2,000 crore, the company is planning to raise Rs 1500 crore through Non-Convertible Debt by way of private placement in one or more tranches. Besides, the company will raise Rs 500 crore by way of equity shares and/or any other securities convertible into equity shares in one or more tranches.
Sunteck Realty is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.
| Company Name | CMP |
|---|---|
| Lodha Developers | 948.50 |
| Dilip Buildcon | 479.70 |
| DLF | 609.05 |
| Oberoi Realty | 1672.50 |
| Ahluwalia Contract(I | 853.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: