Sri Lotus completes equity infusion in three wholly owned subsidiaries

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LOTUSDEV · price

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Price reaction · full curve 14 horizons · vs prior close

-1.3%1-day move

₹148.65

prior close

₹148.00

base price

After-mkt

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AI summary

Sri Lotus Developers completed subscribing to rights issues of three wholly owned subsidiaries on July 4, 2026. It was allotted 9.9 lakh shares in Veera Desai Projects (Rs 99 lakh), 29.6 lakh shares in Dhiti Projects (Rs 2.96 crore), and 9.6 lakh shares in Prasati Projects (Rs 96 lakh), all at Rs 10 per share. Total investment comes to about Rs 4.91 crore. Ownership in these entities stays at 100 percent since they were already wholly owned subsidiaries.

Likely market impact

Internal capital infusion into existing subsidiaries; no change in ownership or group structure. Likely neutral for shareholders.