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The board of directors of Sunteck Realty is scheduled to meet on Thursday to consider sub-division of the face value of equity shares of the company. As the current face value of the company’s shares is ₹2, the company can reduce it to ₹1. The stock is ruling at around ₹465.
Currently, promoters hold 73.85 per cent in the realty major. Ashish Dhawan, private equity investor, holds 1.68 per cent stake while around 4,560 small investors own 2.34 per cent stake.
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