Breaking News

You are here » Indian-Commodity  :  Top News  :  Sunteck Realty planning to raise funds up to Rs 2000 crore

18-May2018

Sunteck Realty planning to raise funds up to Rs 2000 crore

Sunteck Realty is planning to raise funds up to Rs 2000 crore either by way of QIP, FPO, ADR, GDR, rights issue, debt issue, preferential issue, FCCB etc. or any other method for issue of fund in two manners. The first way is via Non-Convertible Debt up to an aggregate amount of Rs 1500 crore by way of private placement in one or more tranches and the second one is by way of equity shares and/or any other securities convertible into equity shares for an aggregate amount not exceeding Rs  500 crore in one or more tranches.

The meeting of the Board of Directors of the company will be held on May 23, 2018, to consider and approve the same.

Sunteck Realty is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.


Related News

View all news

Copper futures end lower on Tuesday

Copper futures ended lower on Tuesday as global equities slumped after the International Monetary Fund (IMF) on Monday warned of a darkening growth outlook. In its World Economic Outlook report, the IMF......

Physical Rubber prices witness some weakness on Tuesday

Physical Rubber prices showed some weakness on Tuesday amidst dull volumes in the market. Spot prices for RSS-4 variety remained unchanged at Rs 125/kg; while the RSS-5 variety declined to Rs 120/kg compared......

Cardamom futures trade lower on profit taking

Cardamom futures traded moderately lower on MCX, due to profit taking by the market participants after it peaked to an eight-year high on firm physical demand from domestic and export markets.The contract......

Top News

View all news

RPP Infra Projects bags orders worth Rs 62.90 crore from BHEL

RPP Infra Projects has bagged orders from Bharat Heavy Electricals (BHEL), Chennai for worth of Rs 62.90 crore. The first order is for providing civil works of Boiler, Mill and Bunker, ESP area of unit......

Glenmark gets tentative ANDA approval for Abiraterone Acetate Tablets

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted tentative approval by the United States Food & Drug Administration (USFDA) for Abiraterone Acetate Tablets USP, 250 mg, a generic......

HDFC Standard Life Insurance reports 18% rise in Q3 net profit

HDFC Standard Life Insurance has reported results for third quarter ended December 31, 2018. The company has reported a rise of 18.48% in its net profit at Rs 245.63 crore for the quarter under review......