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Sunteck Realty Limited ( (IN:SUNTECK) ) has issued an update.
Sunteck Realty Limited has reorganised its corporate structure by transferring its 100% stake in Magenta Buildcon Private Limited to another wholly owned subsidiary, Etashi Real Estates Private Limited. As a result, Magenta remains within the group as a wholly owned step-down subsidiary, with the transaction completed on March 13, 2026 for a consideration of Rs. 1,00,000.
The company has also transferred its entire stake in Sunteck Infracon Private Limited to Magenta, making Sunteck Infracon a wholly owned step-down subsidiary as well. Both intra-group deals are classified as related party transactions conducted on an arm’s length basis, indicating an internal restructuring aimed at streamlining the subsidiary hierarchy without altering overall control or ownership within the Sunteck group.
More about Sunteck Realty Limited
Sunteck Realty Limited is an Indian real estate developer based in Mumbai, focused on residential and commercial projects across various market segments. Through a network of wholly owned and step-down subsidiaries, the company structures its projects and land holdings for operational and financial efficiency in the property development sector.
Average Trading Volume: 136,921
Technical Sentiment Signal: Sell
Current Market Cap: 48.93B INR
For detailed information about SUNTECK stock, go to TipRanks’ Stock Analysis page.