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Kolte Patil Developers rises on plan to merge its two wholly owned subsidiaries

27 May 2015 Evaluate

Kolte Patil Developers is currently trading at Rs. 215.00, up by 0.35 points or 0.16% from its previous closing of Rs. 214.65 on the BSE.

The scrip opened at Rs. 212.00 and has touched a high and low of Rs. 217.50 and Rs. 209.70 respectively. So far 4726 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 240.00 on 06-Apr-2015 and a 52 week low of Rs. 123.00 on 08-Jul-2014.

Last one week high and low of the scrip stood at Rs. 217.50 and Rs. 202.55 respectively. The current market cap of the company is Rs. 1626.51 crore.

The promoters holding in the company stood at 74.54% while Institutions and Non-Institutions held 11.13% and 14.34% respectively.

Kolte-Patil Developers has received an approval for merger of Olive Realty and Yashowardhan Promoters and Developers, Pune, wholly owned subsidiary companies of the company. The board of director at their meeting held on May 26, 2015 has approved for the same.

This merger is being planned in order to synergize the operational and business efficiencies of this company. The scheme of amalgamation is subject to necessary regulatory approvals including the approval from the High Court of Mumbai.

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.

 

Kolte-Patil Develop. Share Price

366.90 20.75 (5.99%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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