D B Realty has received approval for raising funds by way of issuance of equity shares and / or securities convertible into Equity Shares, and / or non-convertible debt instruments along with warrants or any combination of securities thereof (hereinafter referred to as Securities), for an aggregate amount not exceeding Rs 2,000 crore or an equivalent amount thereof by way of qualified institutional placement (QIP) or other permissible mode in accordance with the applicable laws, subject to the receipt of the necessary approvals including the approval of the members of the Company and other regulatory / statutory approvals, as may be required. The Board of Directors of the Company at its meeting held on January 17, 2024, has approved the same.
D B Realty is primarily in the business of real estate construction, development and other related activities. The company is focused on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment.
