New Delhi: DB Realty Ltd has increased its stake in its subsidiary DB (BKC) Realtors Pvt Ltd to 66.35 percent from the existing 57.17 percent.
DB Realty Ltd “has acquired entire Redeemable Optionally Convertible Cumulative Preference Shares and Compulsorily Convertible Preference Shares of DB BKC (i.e. approx. 9.18 percent to total share capital of DB BKC) being held by Trinity Capital (Ten) Ltd. Mauritius (“Seller”) on the terms and conditions as agreed,” it said in a regulatory filing.
DB Realty Ltd holds convertible instruments which it may convert in due course of time, it added.