D B Realty has acquired entire Redeemable Optionally Convertible Cumulative Preference Shares (ROCCPS) and Compulsorily Convertible Preference Shares (CCPS) of DB BKC Realtors (DB BKC) i.e. around 9.18% to total share capital of DB BKC, being held by Trinity Capital (Ten), Mauritius on the terms and conditions as agreed.
Post-acquisition of aforesaid shares by the Company, total shareholding of the Company in DB BKC increases to 66.35% to total share capital of DB BKC. The Company holds convertible instruments which it may convert in due course of time.
DB Realty is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai.
