Acquisition of equity shares in three wholly owned subsidiaries completed

Listed Co AcquisitionStrategic Transactions View source PDF

LOTUSDEV · price

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▲ 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

-1.3%1-day move

₹148.65

prior close

₹148.00

base price

After-mkt

timing

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+0.3—+0.4+0.8-1.3-6.1-4.1-2.5-2.7-4.8+26.4———

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AI summary

Sri Lotus Developers has completed subscribing to rights issues of its three wholly owned subsidiaries, acquiring equity shares at Rs 10 each. It allotted 9.90 lakh shares in Veera Desai Projects (Rs 99 lakh), 29.60 lakh shares in Dhiti Projects (Rs 2.96 crore), and 9.60 lakh shares in Prasati Projects (Rs 96 lakh). Total consideration is about Rs 4.91 crore. Allotment date is July 4, 2026.

Likely market impact

Minor capital infusion into wholly owned subsidiaries; no change in control or material impact on the listed company or minority shareholders.