Shares of Sunteck Realty surged over 6 percent on September 19 to hit an intraday high of Rs 620 on NSE amid heavy volumes. So far in the day, 54 lakh shares of the company changed hands on BSE and NSE combined, compared to the one-month average trading volume of 6 lakh shares. The surge in volumes comes after Sunteck Realty informed that its executives will meet with analysts.
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A closely held Shapoorji Pallonji group entity, Goswami Infratech (GIPL), has sought a three-month extension from its bondholders, which include the likes of Cerberus, Deutsche Bank, and Davidson Kempner, for payment of coupon on Rs 14,300 crore of high-yield bonds until end of this year, two banking industry sources told ET.
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Aster DM Healthcare clarifies that it is not in advanced merger talks with Blackstone-backed Care Hospitals, stating that while it explores strategic opportunities, no material events require disclosure under SEBI regulations, and any significant developments will be communicated through appropriate channels.
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