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.
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