Kolte Patil Developers gets nod to raise funds up to Rs 500 crore

Kolte Patil Developers has received an approval for fund raising up to Rs 500 crore by various modes, including by issue of non-convertible debentures (by way of private placement or otherwise) or any other securities, equity shares and/or any other securities convertible into equity (by way of one or more public offers or private placement or both). The board of directors at their meeting held on December 27, 2017, has approved for the same.

Kolte Patil Developers is a leading real estate company. The company has developed and constructed over 50 projects including residential complexes, commercial complexes and IT Parks covering a saleable area of approximately 15 million square feet across Pune and Bengaluru.