The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Percy Sorabji Chowdhry
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Promoter Boman Rustom Irani of Keystone Realtors sold 11,44,000 equity shares (0.907% of paid-up capital) through a stock-exchange Offer for Sale on October 15-16, 2025, taking his individual holding from 18.97% to 18.06%. The OFS was announced on October 14, 2025 covering up to 45,76,000 shares (3.63% of the company) collectively by promoters Percy Sorabji Chowdhry, Chandresh Dinesh Mehta and Boman Rustom Irani. The sale was executed through BSE and NSE under SEBI's OFS framework, with shares allotted to non-retail, retail and employee bidders on T day (Oct 15) and T+1 day (Oct 16). No encumbrance (pledge) activity was involved and the company's total equity capital remains unchanged at 12,61,73,685 shares of Rs.10 each.
Promoters collectively trimmed a sizeable 3.63% stake (over Rs. 450+ crore area based on recent prices) via a structured OFS, which is generally read as promoter monetisation and may create near-term supply overhang on the stock, though pricing was set via book-building.