Sri Lotus Developers And Realty Promoter Proposes 2% Stake Sale

Promoter Anand Kamalnayan Pandit proposed selling up to 9,774,474 shares, or 2.00% of issued capital, through open-market trades over seven trading days from September 9 to meet minimum public shareholding requirements. Promoter-group ownership would fall from 81.87% to 79.87%. Context: advances the expected dilution toward the 75% threshold.