Sunteck Realty Ltd approves allotment of Non Convertible Debentures

Pursuant to the approval of shareholders in the AGM dated September 29, 2015 and pursuant to the In Principle approval received from the stock exchange. The Board of Directors of Sunteck Realty Limited have on January 13, 2016 allotted 5,500, 11.75% Secured Redeemable Non Convertible Debentures (NCD's) of Rs. 1 Lakh each, aggregating to Rs. 55 Crore, on private placement basis. The said NCD's shall be listed on the Wholesale Debt Market Segment of the BSE Limited.

Shares of SUNTECK REALTY LTD. was last trading in BSE at Rs.250.1 as compared to the previous close of Rs. 245.05. The total number of shares traded during the day was 8190 in over 54 trades.

The stock hit an intraday high of Rs. 253 and intraday low of 242. The net turnover during the day was Rs. 2027585.

Source : Equity Bulls

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