Sri Lotus Developers Promoter Sells 4.87% Stake via OFS
Anand Kamalnayan Pandit, a promoter of Sri Lotus Developers and Realty Limited, has announced an Offer for Sale (OFS) of up to 2,37,95,818 equity shares, representing 4.87% of the company's total paid-up capital. An additional 50,00,000 shares (1.02%) may be sold in case of oversubscription. The OFS will be conducted through the stock exchange mechanism on November 3, 2026 (for non-retail investors) and November 4, 2026 (for retail investors). The floor price is set at ₹240 per share. This sale is primarily to comply with minimum public shareholding norms, following a previous sale of 2.00% stake on September 10, 2026. SEBI has granted an exemption from the 12-week cooling-off period for this OFS.
Key Highlights
- Promoter Anand Kamalnayan Pandit to sell up to 4.87% stake.
- Offer for Sale (OFS) to be conducted on Nov 3-4, 2026.
- Floor price set at ₹240 per share.
- Sale aims to meet minimum public shareholding requirements.
- SEBI grants exemption from 12-week cooling-off period.
Price Impact
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