Sunteck Realty Limited (BSE:512179) has received approval to raise funds not more than INR 20 billion in one or more tranches either by way of QIP, FPO, ADR, GDR, Rights Issue, Debt Issue, Preferential Issue, FCCB etc. The Board of Directors of the company at its meeting held on May 02, 2019 has approved the same. Out of INR 20 billion, the company is planning to raise INR 15 billion through Non-Convertible Debt by way of private placement in one or more tranches. Besides, the company will raise INR 5 billion by way of equity shares and/or any other securities convertible into equity shares in one or more tranches.