MARKETS 1h ago
Sri Lotus Developers and Realty promoters to sell 2.38 cr shares via OFS
Economic Times Markets
Published 02 Nov 2026, 02:57 pm IST
AgenciesIn a regulatory filing, the company informed that "Anand Kamalnayan Pandit, one of the promoters, proposes to sell up to 2,37,95,818 equity shares, representing 4.87 per cent of the total paid-up capital of the company, through stock exchange mechanism".
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The shares will be sold on November 3-4. The floor price for the Offer will be Rs 240 per share.
The company's share closed on Monday at Rs 245.90 apiece.
Promoters hold a 79.87 per cent stake in the company. As per the Sebi norms, the minimum public shareholding should be 75 per cent.
Mumbai-based Sri Lotus Developers is one of the leading realty firms in the country.
Originally reported by Economic Times Markets.Source: economictimes.indiatimes.com
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