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Akshar Fincom acquires 3.5% stake in Sunteck Realty

20 Mar 2014 Evaluate

Ajay Piramal-led Akshar Fincom has picked up over 20.65 lakh shares of 3.5% stake in Sunteck Realty for around Rs 65 crore. This is one of the biggest deals for Sunteck Realty. As on December 31, 2013, the promoters holding in the company stood at 73.49% while Institutions and Non-Institutions held 5.75% and 20.77% stake in the company, respectively.

Sunteck Realty has around 28 million square feet of area under development with most either completed or under various stages of completion.

Peers
Company Name CMP
Lodha Developers 1167.65
Prestige EstatesProj 1632.45
Dilip Buildcon 397.10
DLF 745.00
Oberoi Realty 1739.90
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