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 higher on Friday

Copper futures edged higher on Friday, with a dip in the dollar helping to steady metal markets after a tough week. The forces that battered metal markets earlier in the week cooled during Friday's session,......

Crude oil futures extend gains to settle higher on Friday

Crude oil futures extended their gains for the second straight session to settle higher on Friday, amid hopes the trade talks between US and China next week will help diffuse trade tensions and reduce......

Gold futures end tad higher on Friday

Gold futures ended slightly higher on Friday, as U.S. dollar weakened a little, relieving pressure on prices. However, the precious metal remained near 19-month lows and looked poised for its biggest weekly......

Top News

View all news

Shriram City Union Finance planning to raise up to Rs 500 crore

Shriram City Union Finance is planning to raise funds up to Rs 500 crore. The company intends to issue and allot on private placement basis 5,000 number of secured non-convertible redeemable debentures......

TCS features as star performer in Digital Workplace Services by Everest Group

Tata Consultancy Services (TCS) has been recognized as a leader and Star Performer for the second year in a row in the Everest Group PEAK Matrix for Worldwide Digital Workplace Services. In an assessment......

Tribhovandas Bhimji Zaveri opening 38th store in Uttar Pradesh

Tribhovandas Bhimji Zaveri is opening its 38th store at G-31 & G-32 consisting of Basement Ground Floor & First Floor Noida, in state of Uttar Pradesh on August 18, 2018.Earlier, the company......