MoneyWorks4Me

Sunteck Realty’s arm acquires entire equity shares of Rusel Multiventures

01 Sep 2022 Evaluate

Sunteck Realty’s wholly owned subsidiary -- Clarissa Facility Management LLP (Clarissa) has completed the acquisition of 100% equity shares of Rusel Multiventures. Accordingly, Rusel Multiventures has become a wholly owned subsidiary of Clarissa and a step down wholly owned subsidiary of the company with effect from August 30, 2022.

Through this acquisition, Sunteck Realty will leverage facility management expertise to create additional streams of revenue, cost-effectiveness and continuous supply of facilities which will improve its overall effectiveness and productivity.

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

Peers
Company Name CMP
Lodha Developers 1061.90
Prestige EstatesProj 1486.20
Dilip Buildcon 402.65
DLF 674.00
Oberoi Realty 1707.35
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