HT Media buys stake in Sunil Mantri Realty

Mumbai: HT Media has acquired a stake in Mumbai-based real estate major Sunil Mantri Realty. It has invested Rs 20 crore in equity shares of Re 1 each at a price of Rs 125.

Sunil Mantri Realty’s projects are spread across 15 cities including Mumbai, Hyderabad, Bangalore, Pune, Nagpur, Solapur and Gwalior.

The company has a land bank of over 1,400 acres. It will use the fund for new projects.

Recently, Sunil Mantri Realty Ltd signed a memorandum of understanding with MSC Cyberport Sdn. Bhd. Malaysia to jointly collaborate in the development, construction, marketing and funding of Bandar MSC Cyberport, a 150-acre project in Kulai, Johor.