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Kolte Patil Developers gains on getting nod to raise funds up to Rs 500 crore

27 Dec 2017

Kolte Patil Developers is currently trading at Rs. 359.50, up by 0.70 points or 0.20% from its previous closing of Rs. 358.80 on the BSE.

The scrip opened at Rs. 362.15 and has touched a high and low of Rs. 365.50 and Rs. 356.00 respectively. So far 41624 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 404.60 on 29-Nov-2017 and a 52 week low of Rs. 78.75 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 369.80 and Rs. 352.05 respectively. The current market cap of the company is Rs. 2738.88 crore.

The promoters holding in the company stood at 74.54%, while Institutions and Non-Institutions held 9.89% and 15.57% respectively.

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.

Related Kolte Patil Developers Ltd. Links:

Kolte Patil Develop. Share Price

238.00 2.90 (1.23%) Jun 15, 18:01
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SEBI Registered: Investment Adviser - INA000013323