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DB Realty touches roof on increasing stake in DB BKC

DB Realty touches roof on increasing stake in DB BKC

DB Realty is locked at upper circuit limit at Rs. 7.94, up by 0.37 points or 4.89% from its previous closing of Rs. 7.57 on the BSE.

The scrip opened at Rs. 7.80 and has touched a high and low of Rs. 7.94 and Rs. 7.36 respectively. So far 33027 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 34.55 on 07-Jan-2019 and a 52 week low of Rs. 5.73 on 04-Sep-2019.

Last one week high and low of the scrip stood at Rs. 9.69 and Rs. 7.36 respectively. The current market cap of the company is Rs. 193.15 crore.

The promoters holding in the company stood at 62.37%, while Institutions and Non-Institutions held 8.47% and 29.17% respectively.

D B Realty has acquired entire Redeemable Optionally Convertible Cumulative Preference Shares (ROCCPS) and Compulsorily Convertible Preference Shares (CCPS) of DB BKC Realtors (DB BKC) i.e. around 9.18% to total share capital of DB BKC, being held by Trinity Capital (Ten), Mauritius on the terms and conditions as agreed.

Post-acquisition of aforesaid shares by the Company, total shareholding of the Company in DB BKC increases to 66.35% to total share capital of DB BKC. The Company holds convertible instruments which it may convert in due course of time.

DB Realty is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai.