DS Kulkarni Developers has received an approval for immediate disinvestment of 16,00,000 equity shares (from a holding of 25,50,000 equity shares) held in its subsidiary, DSK Global Education & Research. Post this disinvestment, DSK Global Education & Research will cease to be a subsidiary of the company.
The board at its meeting held on March 21, 2013 has approved for the same. Besides, the board also approved disinvestment of balance 950,000 equity shares in tranches, subject to compliance with conditions.
DS Kulkarni Developers, Pune based company is in the field of construction and real estate development with proven track record. It is a profit making company, right from its inspection.