Bengaluru, Sept. 8 -- The share of this realty major is in focus after a massive 500 crore fundraise is approved by the board of directors of the company, supported by the issuance of convertible warrants. In this article, we will dive more into the details.

With a market capitalization of Rs 6,752 crore, the shares of Sunteck Realty Ltd made a day high of Rs 472.25 per share, up by 5 percent from its previous day closing price of Rs 449.65 per share. Over the past five years, the stock has delivered a return of 69 percent.

About the allotment

Sunteck Realty, through a stock exchange filing, announced that the company is issuing 1.18 crore convertible warrants at an issue price of Rs 425 each, aggregating a total issue of Rs 500 crore....