Sri Lotus Developers and Realty Ltd Completes Acquisition of Equity Shares from Wholly Owned Subsidiaries
Sri Lotus Developers and Realty Limited has successfully concluded the acquisition of equity shares from its Wholly Owned Subsidiaries after subscribing to the rights issues issued by these companies. The allotment confirmations for the subscription were received by Sri Lotus Developers and Realty on July 4, 2026.
The acquisitions involved three Wholly Owned Subsidiaries, allowing the company to strengthen its stake in related projects. The details of the equity shares allotment are as follows:
| S. No. | Name of the Wholly Owned Subsidiary | No. of Equity Shares Allotted | Issue Price (₹ per share) | Total Consideration (Rs.) |
|---|---|---|---|---|
| 1. | Veera Desai Projects Private Limited | 9,90,000 | 10/- | 99,00,000/- |
| 2. | Dhiti Projects Private Limited | 29,60,000 | 10/- | 2,96,00,000/- |
| 3. | Prasati Projects Private Limited | 9,60,000 | 10/- | 96,00,000/- |
With the allotment of these equity shares to Sri Lotus Developers and Realty Ltd, the entire acquisition transaction process is now complete across all three entities.
LOTUSDEV Stock Price Movement
Shares of Sri Lotus Developers and Realty Limited slipped by 0.77% on Friday, closing at ₹148.73. The stock traded within a range defined by a high of ₹150.94 and a low of ₹148.20, with volume totaling 286,523 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.