03-Nov-2026 16:59:17
LOTUSDEVGeneral news
SRI LOTUS DEVELOPERS : PROMOTER OFS FOR UP TO 2.65 CR SHARES (5.42% STAKE)
• Promoter Anand Kamalnayan Pandit to sell base offer of up to 2,37,95,818 shares (4.87% of paid-up capital) • Oversubscription option exercised for 27,04,182 shares (0.55%), taking total offer to 2,65,00,000 shares (5.42%) • Offer runs November 03, 2026 for non-retail investors and November 04, 2026 for retail and carry-forward bids • Up to 26,50,000 shares (10% of the offer) reserved for the retail category on the T+1 day Impact: Neutral (Promoter stake dilution of 5.42% via stock exchange mechanism adds share supply; no fresh capital into the company)
Sri Lotus Developers and Realty Limited
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