Board of Sunteck Realty approves issue of equity shares on preferential basis

At meeting held on 27 October 2017

Sunteck Realty announced that the Board of Directors at their meeting held on 27 October 2017 approved the proposal to issue equity shares on preferential basis of face value of Re. 1/- to the Promoters and Promoters Group namely Astha Trust, Glint Infraprojects Private Limited , Eskay Infrastructure Development Private Limited, Starteck Infraprojects Private Limited, i.e. Equity Shares 46,67,697 at an issue price of Rs. 323.50/- (including a premium of Rs. 322.50/-) per equity share amounting approximately to Rs. 151 crores in accordance with chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and subsequent amendments thereto, who form part of the person belonging to the Promoter Category subject to all the requisite approvals including the approval from members of the Company.

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