Sunteck Realty Transfers Stake of Mantavya Real Estates to Wholly Owned Subsidiary
Sunteck Realty Ltd. has transferred its entire 100% stake in its wholly owned subsidiary, Mantavya Real Estates Private Limited, to another wholly owned subsidiary, Sunteck Real Estates Private Limited. Following this transfer, Mantavya continues to operate as a Step down wholly owned subsidiary of Sunteck Realty Ltd.The details of this corporate transaction, concerning Mantavya Real Estates Private Limited, were provided in an annexure detailing the required information.
The transactions and details concerning Mantavya Real Estates Private Limited are summarized below.
| Requirement of Disclosures | Information with respect to Mantavya Real Estates Private Limited |
|---|---|
| Amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year | Mantavya Real Estates Private Limited was incorporated on 04 th November, 2025. Amount of Revenue from Operations, % of Total Revenue from Operations and net worth during the last financial year: Not applicable |
| Date on which the agreement for sale has been entered into | 6 th April, 2026 |
| Expected date of completion of sale/disposal | Completed on 6 th April, 2026 |
| Consideration received from such sale/disposal | Rs. 1,00,000/- |
| Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof | Sunteck Real Estates Private Limited, a wholly owned subsidiary of Sunteck Realty Limited |
| Whether the transaction would fall within related party transactions? If yes, whether the same is done at 'arm's length' | The transaction is between the Company and its wholly owned subsidiary and hence a related party transaction. It is on arms length basis. |
| Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations | Not applicable |
| Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/ merger, shall be disclosed by the listed entity with respect to such slump sale | Not applicable |
SUNTECK Stock Price Movement
At the close of trade, shares of Sunteck Realty are edging higher by 0.18% to settle at ₹304.5. The stock spent the session trading within a noticeable intraday range, moving between ₹294.4 and ₹309.Source:
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