DS Kulkarni Developers

DS Kulkarni swings to loss in Q4

DS Kulkarni swings to loss in Q4DS Kulkarni, a real estate developer, has announced that it has recorded a loss of Rs 47.66 million for the three month period ended March 2009.

In a filing to the Bombay Stock Exchange (BSE), the company said that it has clocked a loss of Rs 47.66 million compared to a profit of Rs 48.17 million during the same quarter of last year.

DS Kulkarni takes over 51% stake in DSK Global

DS Kulkarni Developers has made announcement that the company has acquired 51 percent shares in Your browser may not support display of this image.DSK Global Education & Research (P).

According to the sources, after the proposed acquisition, DSK Global Education & Research (P) has become an arm of the company.

The reports revealed that board members of DS Kulkarni Developers, has already sanctioned the acquisition at its meeting held on Oct. 23, 2008.

DS Kulkarni to pump Rs 30 million in DSK Global

DS Kulkarni Developers, has informed that the board members of the company had sanctioned the investment in DSK Global up to Rs 30 million to make it a subsidiary.

Also, the board has approved the fixed deposit scheme of the company for the fiscal 2008-2009.

Incorporated on Sept. 20, 1991, DS Kulkarni Developers is a major real estate developer in Indian market.

DS Kulkarni inks shareholders agreement with GTC Cyprus

DS Kulkarni Developers (DSKDL) has declared that it has executed a shareholders agreement with GTC Cyprus, a Kardan Group company.

Under the proposed agreement, DSKDL and GTC will jointly develop a 250 acres multi-service SEZ project in Pune through a 50:50 Joint Venture (JV).

The investment for this project is expected to be around Rs 1 million. The total built-up area of the project would be around 1.5 million square feet.

This will be the first Multi-Service SEZ in Maharashtra that may soon start taking shape.