Sunteck Realty Limited — JV/Acquisition, 26-03-2025: Acquisition

Sunteck Realty Ltd. has announced an investment of approximately USD 10 million to USD 20 million in its wholly-owned subsidiary, Sunteck Lifestyle International Private Limited (SLIPL), through equity, preference shares, or convertible securities over multiple tranches. The funds will primarily support investments in entities involved with the existing Dubai Project. The transaction is a related party transaction but deemed at arm’s length, with no interest from the promoter group. SLIPL has reported no turnover in recent financial years and remains 100% owned by Sunteck. The investment is expected to be completed over the next 24 months, enhancing the company’s strategic positioning in the Dubai market.