You are here: Home » News-CM » Companies » News
Business Standard

Board of Sunteck Realty decides to exit from partnership firm

Capital Market 

The Board of Sunteck Realty have decided that the Company do retire as partner from Kanaka and Associates (Partnership Firm), wherein the Company is the 50% Partner. During the financial year 2019-20, there is no revenue contribution from the Partnership Firm.

Further, at present the consideration and /or any other receivable from the partnership is Rs. 13.89 crore. The transaction is not a related party transaction.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, September 08 2020. 09:45 IST