Sunteck Realty Limited has informed the Exchange about wholly-owned subsidiary of the Company becoming a wholly owned Step-down subsidiary of the Company
SUNTECK · price
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Sunteck Realty Limited has completed an internal restructuring where it transferred its 100% stake in Mantavya Real Estates Private Limited to Sunteck Real Estates Private Limited, another wholly-owned subsidiary. The transaction was completed on 6th April 2026 for a consideration of Rs. 1,00,000. Mantavya was incorporated in November 2025 and had no revenue or net worth in the last financial year, making this a structural reorganization rather than a material business disposal. The transfer is classified as a related party transaction but has been conducted on an arm's length basis. Post-transfer, Mantavya remains a subsidiary of Sunteck Realty, now through the step-down structure via SREPL.
This is an internal corporate restructuring with no impact on Sunteck Realty's financials, revenue, or shareholder value. The stock price is unlikely to be affected as the economic interest of the parent company remains unchanged.