Shares of Keystone Realtors Ltd slipped 4.21% to ₹586.65 in early trade on Tuesday after the company’s promoters announced an Offer for Sale (OFS) to divest a part of their stake.
Promoters Boman Rustom Irani, Chandresh Dinesh Mehta, and Percy Chowdhry are set to sell up to 4.57 million shares, representing 3.63% of the company’s total equity, in a deal valued at approximately ₹251.7 crore.
The floor price for the offer has been fixed at ₹550 per share, marking a 10.2% discount to the previous closing price of ₹612.45 on the National Stock Exchange (NSE) as of October 14, 2025.
The OFS opens for non-retail investors on October 15, while retail participation is expected to follow a day later. Market participants said the discount-driven pricing reflects efforts by the promoters to enhance liquidity and increase public float.
At 9:16 AM, shares were trading at ₹586.65, down ₹25.80 or 4.21%, following the announcement.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
