Sunteck Realty Approves ₹500 Crore Warrant Issue, Appoints New Director

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’s Board has approved the issuance of 1.17 crore convertible warrants at ₹425 each, raising nearly ₹500 crore via preferential allotment to promoters and select investors. The warrants, convertible into equity within 18 months, require 25% upfront payment. Additionally, the Board has appointed Mr. Ajeet Singh (52), an architect with over 30 years of experience in Mumbai real estate, as Whole-time Director for a 5-year term. Both moves await shareholder approval at the upcoming AGM.