Sunteck Realty gains on getting nod to invest in Sunteck Lifestyle International
Sunteck Realty is currently trading at Rs. 393.05, up by 6.10 points or 1.58% from its previous closing of Rs. 386.95 on the BSE.
The scrip opened at Rs. 386.95 and has touched a high and low of Rs. 397.60 and Rs. 384.00 respectively. So far 35972 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 698.35 on 16-Jul-2024 and a 52 week low of Rs. 348.05 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 417.25 and Rs. 384.00 respectively. The current market cap of the company is Rs. 5778.99 crore.
The promoters holding in the company stood at 63.24%, while Institutions and Non-Institutions held 28.01% and 8.74% respectively.
Sunteck Realty has received approval to invest an amount approximately from $10 million to $20 million in the form of equity / preference Shares / any other convertible securities / debt (Securities), in one or more tranches, in Sunteck Lifestyle International (SLIPL), a wholly owned subsidiary of the company.
SLIPL shall use the proceeds of such issuance for the purpose of further investment in entities undertaking, directly or indirectly, the existing Dubai Project. Infusion to be done in one or more tranches depending on the requirement of funds for the existing Dubai Project for a period of approximately 24 months. The Management Committee of the company at their meeting held on March 26, 2025, has approved the same.
Sunteck Realty is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.
