Mumbai, March 10 -- The wholly owned subsidiary, ARPL, will engage in construction, real estate and allied activities.

The company has acquired 100% of the share capital of ARPL. It has subscribed to 10,000 equity shares of ARPL, each with the face value of Rs 10, aggregating to Rs 1,00,000.

The company said that the transaction does not fall within related party transaction, and none of the company's promoter, promoter group or group companies have any interest.

Sunteck Realty (SRL) is one of India's leading luxury real estate developers. The company focuses on a city-centric development portfolio of about 52.5 million square feet spread across 32 projects.

The company reported consolidated net profit of Rs 42.52 crore in Q3 FY25 as ...