DS Kulkarni To Invest Rs 30 Million

The board of directors of DS Kulkarni Developers at its meeting held on Sep. 27, 2008, has approved the investment in DSK Global up to Rs 30 million to make it a subsidiary.

The board has also approved the fixed deposit scheme of the company for the year 2008-2009.

DS Kulkarni Developers is a real estate developer. It was incorporated on Sept. 20, 1991. The company has developed real estate projects in and around Pune and Mumbai.

Shares of the company declined Rs 4.6, or 6.79%, to end at Rs 63. The total volume of shares traded was 8,020 at the BSE (Friday).