Comments
Sunteck Realty has sought shareholder approval to raise up to ₹2,000 crore through various financial instruments. The company has also sought shareholder nod to merge Sanchit Derivatives with itself. According to the merger agreement, 88 lakh shares of Sunteck Realty will be allotted to shareholders of Sanchit Derivatives in proportion to their existing stake in the company. Post-issue of the new shares, Sunteck Realty’s equity capital will be diluted by 12.3 per cent. Shares of Sunteck Realty ended at ₹362.65, down 1.7 per cent from the previous day’s close.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.