Promoter group entities sold 4% stock. The reason for the sale appears to be:
Sunteck Realty has reduced its net debt to zero by gaining a cash flow surplus that will be utilised to further accelerate business operations.
A recent sale of 60 lakh shares (4.10%) of Sunteck Realty by its wholly owned subsidiaries Satguru Infocorp Services and Starlight Systems have generated a substantial cash flow which shall be retained & consolidated with Sunteck Realty, leading to nullifying the net debt and generating positive cash flow in the company.
Source: Construction Week Online
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