Sunteck Realty rises as its arm acquires entire equity shares of Rusel Multiventures
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Sunteck Realty is currently trading at Rs. 479.00, up by 1.10 points or 0.23% from its previous closing of Rs. 477.90 on the BSE.
The scrip opened at Rs. 475.00 and has touched a high and low of Rs. 483.00 and Rs. 475.00 respectively. So far 16918 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 589.95 on 18-Jan-2022 and a 52 week low of Rs. 358.30 on 31-Aug-2021.
Last one week high and low of the scrip stood at Rs. 483.00 and Rs. 451.00 respectively. The current market cap of the company is Rs. 7034.73 crore.
The promoters holding in the company stood at 67.13%, while Institutions and Non-Institutions held 24.77% and 8.10% respectively.
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.
