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Kulkarni Developers to tap market

CHENNAI: D. S. Kulkarni Developers Ltd (DSKDL) is entering the capital market with a follow-on public issue of 55 lakh equity shares of Rs. 10 each for cash at a price to be determined by book building process. The issue will be open from April 25 to May 3. Addressing presspersons here on Friday, Sanjay Deshpande, Joint Managing Director, said the funds were required to part finance ongoing and new residential and commercial real estate development projects. Currently the company was developing nine projects in Mumbai, Pune and Bangalore.

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