Sri Lotus Developers Completes Wholly Owned Subsidiary Share Acquisition

Sri Lotus Developers and Realty Ltd announced the completion of its acquisition of equity shares in its wholly-owned subsidiaries. The company had previously disclosed its intention to invest in these subsidiaries via rights issues. The acquisition involved subscribing to rights issues for Veera Desai Projects Private Limited, Dhiti Projects Private Limited, and Prasati Projects Private Limited. The total consideration for these acquisitions amounts to ₹4,91,00,000. The allotment confirmations were received on July 4, 2026, marking the transaction's completion. This move is part of the company's strategy to strengthen its control and investment in its subsidiaries.