Sunteck Realty Merger & Restructuring
Sunteck Realty has approved a Scheme of Arrangement involving its wholly-owned subsidiary, Satguru Corporate Services. It also appointed Ernst & Young LLP as internal auditor.
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Sunteck Realty has approved a Scheme of Arrangement involving its wholly-owned subsidiary, Satguru Corporate Services. It also appointed Ernst & Young LLP as internal auditor.
Sunteck Realty Limited announced the sale of its subsidiary, Mantavya Real Estates Private Limited, to its wholly owned subsidiary, Sunteck Real Estates Private Limited. The transaction is an internal restructuring on an arm's length basis, and the entity remains a step-down subsidiary of the company.
Sunteck Realty Ltd transferred its 100% stake in Mantavya Real Estates Private Limited to its other subsidiary, Sunteck Real Estates, for ₹0.01 Crore. Following this internal restructuring, Mantavya continues as a step-down wholly-owned subsidiary. The transaction was completed on April 6, 2026, on an arm's length basis.