Monday 19 January 2015

Kolte-Patil Developers gains on raising Rs 30 crore through private placement

     Kolte-Patil Developers, Pune’s largest residential real estate developer, has raised Rs 30 crore through private placement. The company has allotted 300 ‘12.25% Secured Redeemable Taxable Non-Convertible Debentures Series II’ having face value of Rs 10 lakh each aggregating to Rs 30 crore.
     Kolte Patil Developers is a leading Pune-based real estate company incorporated in 1991. The company has developed and constructed 48 projects including 35 residential complexes, 9 commercial complexes, and 4 information technology parks covering a saleable area (KPDL share) of over 10 million square feet across Pune and Bengaluru.
      current price of stock is 190.15 up by 0.60 points from its previous closing of Rs 189.55 on the BSE.

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