Kolte Patil Developers has received approval to raise Rs 140 crore through allotment of 14,000 secured, unlisted, redeemable non- convertible debentures (NCDs) of face value Rs 1,00,000 each, on a private placement basis. The funds raised from this issuance will be utilized towards acquisition of land and for general corporate purposes of the Company.
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.
