Sunteck Realty gets nod for proposed scheme of arrangement

16 Nov 2011

Sunteck Realty has received an approval for proposed scheme of arrangement between the Starlight Systems and Starlight Systems (India) under section 391 to 394 of the Companies Act, 1956. The board at its meeting held on November 14, 2011 has approved for the same.

Sunteck Realty, formerly known as Sunteck Realty & Infrastructure, it is engaged in real estate and construction of residential projects. The company has formed a joint venture with Piramal Enterprises promoted by the Ajay Piramal Group. The JV, called Piramal Sunteck Realty will focus on high-end realty projects in the most sought after locations in metros and select Tier II cities in India and strategic locations across the globe.

Starlight Systems and Starlight Systems (India) are both subsidiaries of the company.

Related Sunteck Realty Ltd. Links:

Sunteck Realty Share Price

353.45 3.10 (0.88%) Mar 03, 18:13
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Peers
Company Name CMP
Dilip Buildcon 655.40
NBCC (India) 50.40
Sobha 462.20
JMC Projects (India) 77.15
Prestige Estate Proj 300.95
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SEBI Registered: Investment Adviser - INA000013323

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