Shareholding10 Sept 2026, 11:08 am
Promoter Sells 2% Stake in Sri Lotus Developers to Meet Public Holding Norms
AI Summary
Mr. Anand Kamalnayan Pandit, a promoter of Sri Lotus Developers and Realty Ltd, has sold 97,70,000 equity shares, representing 2.00% of the company's paid-up capital, through an open market sale. This transaction was conducted to comply with SEBI's minimum public shareholding requirements. Following the sale, the promoter group's shareholding has decreased from 81.87% to 79.87%. This action is in line with regulatory mandates aimed at ensuring adequate public float.
Key Highlights
- Promoter sold 2.00% stake via open market.
- Sale aims to comply with minimum public shareholding norms.
- Promoter group holding reduced to 79.87%.
- Transaction follows SEBI's regulatory guidelines.
Price Impact
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