Residential- Commercial Projects
Subsidiaries6 April 2026 at 01:20 pm

Sunteck Realty Transfers 100% Stake of Wholly Owned Subsidiary to Another Wholly Owned Subsidiary

AI Summary

Sunteck Realty Ltd has transferred its 100% stake of its wholly owned subsidiary, Mantavya Real Estates Private Limited, to another wholly owned subsidiary, Sunteck Real Estates Private Limited. This has resulted in Mantavya becoming a step-down wholly owned subsidiary of the Company. The transaction was completed on 6th April, 2026, with a consideration of Rs. 1,00,000/-. The transaction is between the Company and its wholly owned subsidiary, and hence a related party transaction, but it is on arms length basis.

Key Highlights

  • Sunteck Realty transfers 100% stake of Mantavya Real Estates Private Limited to Sunteck Real Estates Private Limited
  • Mantavya continues to be a step-down wholly owned subsidiary of Sunteck Realty
  • Transaction completed on 6th April, 2026, with a consideration of Rs. 1,00,000/-
  • Transaction is a related party transaction but is on arms length basis