Kolte-Patil Developers zooms after its arm enters into agreement with Planet Smart City

09 Apr 2020 Evaluate
Kolte Patil Developers is currently trading at Rs. 126.05, up by 8.55 points or 7.28% from its previous closing of Rs. 117.50 on the BSE.

The scrip opened at Rs. 124.00 and has touched a high and low of Rs. 126.40 and Rs. 123.90 respectively. So far 1376 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 288.00 on 27-Sep-2019 and a 52 week low of Rs. 103.10 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 126.40 and Rs. 113.00 respectively. The current market cap of the company is Rs. 955.65 crore.

The promoters holding in the company stood at 74.63%, while Institutions and Non-Institutions held 14.51% and 10.86% respectively.

Kolte-Patil Developers (KPDL) through its subsidiary Kolte-Patil I-Ven Townships (Pune) (KPIT) has entered into an agreement with Planet Smart City., a UK based real estate developer, for strategic land monetization of a portion of Sector R10 in KPDL’s township project Life Republic in Pune for Rs 91 crore. This portion of land measuring around 5.42 acres in Sector R10 has a residential development potential of 7.6 lakh sq. ft. in terms of saleable area. Further, under the agreement, this land parcel in Sector R10 will be jointly developed by KPIT & Planet in the profit sharing model.

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.

Kolte-Patil Develop. Share Price

456.00 -9.45 (-2.03%)
28-Mar-2024 15:30 View Price Chart
Peers
Company Name CMP
Dilip Buildcon 457.00
Macrotech Developers 1130.90
NBCC (India) 119.15
Prestige EstatesProj 1177.50
DLF 901.00
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