Sunteck Realty Gains 4% on Rs 500 Cr Fundraise Backed by Promoters

Shares of Sunteck Realty Ltd climbed 4.49% on Monday, September 8, closing at Rs467.80 on the NSE, following the company’s announcement of a fresh capital infusion. The board approved the issuance of 117.6 lakh convertible warrants at Rs425 per share, aggregating Rs500 crore. Promoters will subscribe to over 65% of the issue, signaling strong internal confidence in the company’s growth trajectory.

The remaining portion will be taken up by marquee investors, including Utpal Sheth, Mukul Agrawal, and NT Asian Fund, adding institutional credibility to the fundraising plan. According to the company, the proceeds will be used to strengthen its balance sheet and support both ongoing and upcoming projects, particularly in Mumbai’s premium and aspirational housing segment.

While the stock remains 27% below its 52-week high, the announcement triggered fresh buying interest, with volumes spiking as investors responded to the promoter commitment and high-profile investor participation. The warrants, once converted, will expand the company’s equity base and provide long-term capital support.

The move comes at a time when developers are increasingly turning to structured capital raises to fuel growth amid rising construction costs and evolving demand patterns. Sunteck Realty’s decision to tap both internal and external investors reflects a balanced approach to capital planning and market positioning.

Investor sentiment turned notably positive on Monday, with traders factoring in the strategic implications of the fundraise and the company’s continued focus on high-value residential development in key Mumbai corridors.