January 11, 2012

Stock : Sunteck Realty ~ Sector : Realty

Source : Economic Times

• Realty developer Sunteck Realty has entered into an agreement to acquire over 10 acres land parcel in Goregaon for nearly Rs 350 crore.
• The developer is also in talks with a private equity firm to join hands for the proposed development on this land parcel, said people familiar with the matter.
• Sunteck Realty is looking to get financing of nearly $30 million initially through the private equity transaction.