India's Sunteck Realty gains on plan to issue warrants

Sunteck Realty

08/09/2025 05:20

** Shares of Sunteck Realty SUNT.NS rise 4.1% to 466.05 rupees

** Real estate developer approves issuance of 11.8 mln warrants aggregating to 5 bln rupees ($56.7 mln) through preferential allotment

** Each warrant is convertible into one equity share; conversion can be exercised within 18 months from allotment

** Trading vols at 825,896 shares so far, over 2x the 30-day average

** SUNT down ~8% YTD

($1 = 88.1430 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))