Sunteck Realty shares in focus after its Dubai arm adds two subsidiaries

Shares of Sunteck Realty Ltd. are in focus on Thursday, October 30, after the company on Wednesday said its Dubai-based wholly-owned subsidiary Sunteck Lifestyles Ltd. has acquired two subsidiaries — GGICO Sunteck and Sunteck Mas — which are now its subsidiaries as well.

The company, in an exchange filing, said Sunteck Lifestyles inked a supplemental agreement to the joint venture agreement on October 27, 2025 with its JV partner Grand Valley General Trading LLC and GGICO Sunteck Limited.

It then executed a project development agreement on October 28, thereby acquiring the right to appoint the majority of directors on the board of GGICO Sunteck, it said.

Sunteck Lifestyles also inked a supplemental joint development and licence agreement with its JV partner, GGICO Sunteck, Revi Realty Real Estate Development LLC and Sunteck Mas Real Estate Development LLC on October 27.

It then executed a project development agreement on October 28, thereby acquiring the right to appoint majority members on the project execution committee of Sunteck Mas, the development company in Dubai.

Shares of Sunteck Realty ended the previous session 1.2% up at ₹445 apiece. The stock has gained 7.2% in the past month but has declined 12.4% this year, so far.

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