Breaking News

You are here » Indian-Commodity  :  Corporate  :  DB Realty planning to increase stake in DB BKC Realtors


DB Realty planning to increase stake in DB BKC Realtors

DB Realty (DBR) is planning to acquire 2,65,707 (i.e. approximately18.35% to total share capital) nos. of Compulsory Convertible Preference Shares (CCPS) of DB (BKC) Realtors (DB BKC) from Trinity Capital (Ten), Mauritius (Seller) on the terms and conditions agreed in the Share Purchase Agreement dated October 17, 2017 and other ancillary documents executed with the Seller and / or other necessary parties.

Further, post acquisition of aforesaid CCPS by the company, DB BKC will become a subsidiary company of the company in terms with the provisions of Sec. 2(87) of the Companies Act, 2013.

DB Realty is a real estate development and construction company. The company is engaged in the construction of residential buildings/commercial complexes and activities connected and incidental thereto.

Related News

View all news

Zydus Wellness launches Sugar Lite: Report

Zydus Wellness has reportedly launched a new variant Sugar Lite. The company launched the product first in e-commerce platforms and it is in the process of reaching out to retail outlets. Zydus Wellness......

Bombay Dyeing to close subsidiary in Indonesia

Bombay Dyeing & Manufacturing Company has given its consent by signing the Shareholder's Resolution of its subsidiary in Indonesia i.e. PT Five Star Textile Indonesia (PTFS) on December 17, 2018......

Glenmark Pharma presents new data on GBR 1302, HER2xCD3 Bispecific Antibody

Glenmark Pharmaceuticals has presented the new pharmacokinetic data from the ongoing Phase 1 trial of GBR 1302, a HER2xCD3 bispecific antibody, at the European Society for Medical Oncology Immuno-Oncology......

Top News

View all news

Infibeam Avenues' arm incorporates wholly owned subsidiary

Infibeam Avenues' wholly owned subsidiary-- Infibeam Global EMEA FZ-LLC has incorporated a wholly owned subsidiary company namely 'Richrelevants' in BVI, which will be the Step-down Wholly Owned Subsidiary......

Ramco Systems gets order from Global Top 10 Chemical Manufacturing Company

Ramco Systems' Global Payroll platform has been chosen by one of the leading chemical producer and a Global Top 10 Chemical Manufacturing company by revenue, as a Managed Service for its multi-country......

JCT planning to raise funds on preferential basis

JCT is planning for the fresh issuance of equity shares aggregating to Rs 9.16 crore on preferential basis to term lenders. The meeting of the Board of Directors of the Company will be held on December......