Sunteck Realty Limited has informed the Exchange about Acquisition of 100% stake in Tanirika Infrastructure Private Limited
SUNTECK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sunteck Realty Limited has acquired 100% equity stake in Tanirika Infrastructure Private Limited (TIPL) through a Share Purchase Agreement executed on 24th April, 2026. TIPL owns a property situated at Nepean Sea Road, South Mumbai, which aligns strategically with Sunteck's development plans, as part of the land parcel is already owned by Mithra Buildcon Private Limited, a wholly owned subsidiary of the company. The acquisition was done at an enterprise value of approximately INR 22.40 crore in cash. TIPL, incorporated in February 2011, had a turnover of ₹6 lakh in the last three financial years and has become a wholly owned subsidiary of Sunteck Realty post-acquisition.
This acquisition consolidates adjacent land holdings in a prime South Mumbai location, potentially accelerating the development of the Nepean Sea Road project. The deal is modest in size (~INR 22.4 crore) but strategically important for expanding Sunteck's real estate footprint in a premium area.