Company news: DB Realty

DB Realty has announced that inter se old past pending disputes between erstwhile and existing shareholders of Mahal Pictures Private Ltd have been put to rest and the concerned parties have successfully filed consent terms on June 4 in the Bombay High Court. MMPL, an associate company of DB Realty, owns land and property (popularly known as Kamalistan Studio) at Jogeshvari Vikhroli Link Road in Mumbai. In terms of the settlement, DB Realty’s holding in MPPL will increase from the existing 33.33 per cent to 40 per cent. Shares of DB Realty slumped 4.93 per cent at ₹14.07 on the BSE.