Announced Thu, 16 Jul · 12:10 IST
D.B.Corp board approves reclassification of two entities to Public category
Ownership Changes View source PDF
DBCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.6%1-day move
₹208.00
prior close
₹221.08
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.3-1.6-2.0-3.3+2.6+3.4+3.9+3.1+0.4+0.0————
Up moveDown movePending
AI summary
D.B.Corp's board has approved moving BEDR Realcon Private Limited and Diligent Pinkcity Center Private Limited from the Promoter Group category to Public. Both entities together hold under 10 percent voting rights, have no board representation, and exercise no control over the company. The reclassification is pending stock exchange approval under SEBI's Regulation 31A.
Likely market impact
Reduces promoter group shareholding in name only, no shares sold. Pending BSE and NSE approval before it takes effect.