Mumbai, March 27 -- SLIPL, incorporated as a private company limited by shares in Mauritius on 25th October 2013, primarily serves as an investment holding company.

The investment will be made for further funding in entities involved in the existing Dubai Project. According to the company's exchange filing, the investment will be structured through equity, preference shares, convertible securities, or debt, and will be infused in one or more tranches, based on the funding requirements for the Dubai Project. The infusion is expected to take place over the next 24 months.

As the transaction is between Sunteck Realty and its wholly owned subsidiary, it qualifies as a related party transaction but will be conducted on an arm's-length basis....