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Kolte-Patil Developers is currently trading at Rs. 283.25, up by 2.10 points or o.75% from its previous closing of Rs. 281.15 on the BSE.

The scrip opened at Rs. 285.60 and has touched a high and low of Rs. 289.15 and Rs. 282.00 respectively. So far 3744 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 360.00 on 23-Sep-2021 and a 52 week low of Rs. 214.05 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 289.15 and Rs. 264.20 respectively. The current market cap of the company is Rs. 2136.86 crore.

The promoters holding in the company stood at 74.45%, while Institutions and Non-Institutions held 4.70% and 20.86% respectively.

Kolte-Patil Developers has acquired Pune based Sampada Realities. Under this acquisition, Kolte-Patil has acquired residential development potential of around 2.5 Million Sq.ft. at Kiwale in Pune. The transaction entails the acquisition of 85% Equity Shares in Sampada Realities on an immediate basis with the balance 15% stake to be acquired in due course. With this transaction, Kolte-Patil has committed an aggregate total investment of Rs 120 crore to be paid over a period of time.

Sampada Realities comprises of only one residential real estate project on 25 acres of land parcel at Kiwale in Pune to be developed in a phased manner. The development represents a revenue opportunity of over Rs 1,400 crore for Kolte-Patil. The project has all the required regulatory approvals in place. This acquisition will help further strengthen Kolte-Patil’s market position in Pune, with substantial visibility in Kiwale, a high-potential micro market in the city.

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.