Pune-headquartered DS Kulkarni Developers has notified that the board of directors of the company at its meeting has decided to pick 51% stake in DSK Global Education & Research.

With the acquisition of shares, DSK Global Education & Research will become a subsidiary of the company.

D.S. Kulkarni Developers Limited engages in the civil construction and real estate development primarily in India. It operates principally in Pune and Mumbai cities of Maharashtra state.

At 02.15 pm, DS Kulkarni Developers was trading 5 pct down at Rs 36.40 on the Bombay Stock Exchange while the benchmark index was down 9 pct at 8859 points.