Sunteck Realty acquired 100% stake in Tanirika Infrastructure Private Limited for ~₹22.40 crore enterprise value via cash consideration.
The acquisition is strategically aligned to develop a South Mumbai property, part of which is already owned by Sunteck's subsidiary.
Tanirika Infrastructure operates in real estate with consistent ₹6 lakh annual turnover and paid-up capital of ₹1 lakh.
The transaction is not a related party transaction and required no governmental or regulatory approvals.