NEW DELHI: The management committee of Sunteck Realty has approved to invest an amount approximately from USD 10-20 million in Sunteck Lifestyle International (SLIPL), a wholly-owned subsidiary of the company.
The investment will be made in the form of equity/preference shares/any other convertible securities/ debt, in one or more tranches.
SLIPL will use the proceeds for the purpose of further investment in entities undertaking, directly or indirectly, the existing Dubai project.
