Archive · 5 Dec 2025
Sunteck Realty Raises ₹500 Crore via Warrants
Sunteck Realty, a company based in Mumbai, has raised ₹500 crore by giving out special shares called convertible warrants.
They gave these warrants to their promoter group and some other investors.
Each warrant costs ₹425, and the company got 25% of the money upfront.
The rest will be paid when the warrants are turned into regular shares within 18 months.
Some of the big investors include Samagra Wealthmax, Glint Infraprojects, and Bhuwalka Steel Industries.
The company's shares went down a little on the stock market the same day.
Sunteck Realty allotted 1.18 crore convertible warrants at ₹425 each, raising ₹500 crore.
25% of the total amount (₹124.99 crore) was received upfront, with the rest payable upon conversion within 18 months.
Approvals were obtained from the board, shareholders, and stock exchanges (BSE and NSE).
Major allottees include Samagra Wealthmax, Glint Infraprojects, and Bhuwalka Steel Industries among promoters, and Utpal Sheth, Mukul Agrawal, and others among non-promoters.
Sunteck Realty's shares closed at ₹404.95, down 1.71%, on the BSE.
- Who
- Sunteck Realty Ltd, promoter group, and selected non-promoter investors
- What
- Allotment of 1.18 crore convertible warrants
- When
- December 5, 2025 (allotment), September 5 & 30, 2025 (board and shareholder approvals), November 24, 2025 (exchange approvals)
- Where
- Mumbai, India
- Why
- To raise ₹500 crore through preferential allotment
- Company
- Sunteck Realty Ltd
- Warrants Allotted
- 1.18 crore
- Issue Price per Warrant
- ₹425
- Total Amount Raised
- ₹500 crore
- Upfront Payment Received
- ₹124.99 crore (25%)
- Conversion Period
- 18 months
- Share Price at Closing
- ₹404.95 (down 1.71%)