Sunteck Realty Ltd

🏢 Sunteck Realty Expands Portfolio with Strategic Acquisition in South Mumbai

- Sunteck Realty Ltd. acquired 100% stake in Tanirika Infrastructure Private Limited (TIPL) on April 24, 2026.

- The acquisition was made for an enterprise value of approximately INR 22.40 Crore.

- TIPL owns a property on Nepean Sea Road, South Mumbai, aligning with Sunteck's development objectives.

- TIPL is in the real estate industry, with a paid-up capital of INR 1,00,000 and annual turnover of INR 6,00,000 for the last three years.

- The consideration for the acquisition was in cash.