Sunteck Realty has approved an investment of approximately $10-20 million in Sunteck Lifestyle International (SLIPL), a wholly owned subsidiary. The investment will be made in multiple tranches and will be utilized in the form of equity, preference shares, convertible securities, or debt.
The funds will be used by SLIPL for further investments in entities associated with the ongoing Dubai project. This strategic move highlights Sunteck Realty’s commitment to expanding its international footprint and enhancing its project portfolio.