DSK Shareholders Trust OFS of 5 lakh shares at Rs 10 to meet MPS norm

Capital Market Events View source PDF Explain this filing

Price reaction

Awaiting price reaction for this filing.

AI summary

DSK Shareholders Trust proposes to sell up to 5 lakh equity shares, equal to 5 percent of paid-up capital of D S Kulkarni Developers, via an Offer for Sale on BSE and NSE. Bidding on Dec 5 for non-retail and Dec 8 for retail. Floor price and single clearing price fixed at Rs 10 per share, matching face value. Motilal Oswal is the broker. Ten percent of offer reserved for retail investors. Sale aims to comply with minimum public shareholding requirement under SEBI rules.

Likely market impact

Adds modest share supply and helps meet minimum public shareholding rule, supporting continued listing eligibility on exchanges.