KEYSTONE REALTORS LTD - Cessation Of Wholly Owned Subsidiary Company- Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

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Keystone Realtors Ltd - Cessation Of Wholly Owned Subsidiary Company- Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

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08 Feb 2024
Pursuant to Regulation 30 of SEBI LODR, we would like to inform you that Keyorbit realtors Private Limited ("Keyorbit") a wholly owned subsidiary of Keystone Realtors Limited ("Company / KRL") has raised fund by way of issuance of equity shares for which an Investment Agreement has been executed between Keyorbit, MT K Kapital Trust (through its scheme MT K Resi Development Fund) ("Investor") and Company. Therefore, the Investor has subscribed 9,900 fully paid-up equity shares of Rs. 10/- each of Keyorbit which is equivalent to 9.90% of the post issue paid up equity capital. Due to this the company''s equity shareholding in Keyorbit is diluted to 90.10% Consequently, keyorbit ceased to be a wholly owned subsidiary of the Company. We would request you to please take note of the aforesaid.
View all announcements for Keystone Realtors Ltd	Source: BSE India

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