Kolte-Patil Developers to Review Debt Securities Fundraising Strategy 1 day ago
Kolte Patil Developers Limited has scheduled a board meeting for July 29, 2025, to review its strategy for raising funds through debt securities. The meeting will also consider and approve financial results for the quarter ended June 30, 2025. The company plans to evaluate issuing secured, listed, redeemable, non-convertible debentures on a private placement basis within approved borrowing limits. This strategic review could potentially impact the company's financial structure and future growth plans.
Kolte-Patil Developers: Q1 Sales Volume Up 5.2% QoQ, Collections at ₹550 Crore Jul 12, 2025
Kolte-Patil Developers: Blackstone Acquires 14.3% Stake Through Preferential Allotment Jun 23, 2025
CCI Greenlights BREP Asia III India Holding's Stake Acquisition in Kolte-Patil Developers Jun 11, 2025
More news about Kolte Patil Developers
10Jun 25
CCI Greenlights BREP Asia III India Holding's Stake Acquisition in Kolte-Patil Co-Developers
The Competition Commission of India (CCI) has approved BREP Asia III India Holding's acquisition of a stake in Kolte-Patil Co-Developers, a subsidiary of Kolte Patil Developers. BREP Asia III India Holding is part of the Blackstone Group. The exact stake size and financial details of the acquisition are not disclosed.
26May 25
Kolte-Patil Developers: Q4 Profit Soars to Rs 66.29 Crore
Kolte-Patil Developers Ltd posted a consolidated net profit of ₹66.29 crore in Q4, reversing previous year's loss. Total income rose to ₹723.20 crore. For the full fiscal year, net profit reached ₹109.33 crore with total income of ₹1,763.73 crore, indicating strong recovery in the real estate sector.
21Apr 25
Kolte-Patil Developers Achieves Record Financial Performance in FY25
Kolte-Patil Developers achieved exceptional financial results for FY25, with annual sales of ₹2,791.00 crore and record collections of ₹2,432.00 crore. The company launched new projects with a Gross Development Value of approximately ₹4,000.00 crore, demonstrating strong market presence and growth strategy in the Indian real estate sector.
18Apr 25
Kolte-Patil Developers: Mixed Results in Q4 and FY25 Amid Real Estate Market Challenges
Kolte-Patil Developers announced its FY25 results, showing a 1% decrease in annual bookings to Rs 2,791.00 crore. Despite this, the company achieved record-breaking annual collections of Rs 2,432.00 crore, up 18% year-over-year. Q4 saw a 15% decline in sale bookings to Rs 631.00 crore. The company's flagship project, Life Republic, performed well with 1.9 million square feet in sales volume. Average realizations improved by 8% to Rs 7,758.00 per square foot. Blackstone is set to acquire a 40% stake in the company for Rs 1,150.00 crore.
17Mar 25
Blackstone Acquires Majority Stake in Kolte-Patil Developers in ₹1,800 Crore Deal
Blackstone has entered into a strategic partnership with Kolte-Patil Developers Limited (KPDL), acquiring up to 66% stake for approximately ₹1,800 crore ($240 million). The deal involves a 14.3% new equity issuance to Blackstone, 25.7% acquisition from KPDL promoters, and a potential 26% through an open offer to public shareholders. This marks Blackstone's significant entry into India's residential real estate sector, complementing their existing investments in various property segments. KPDL will benefit from Blackstone's global expertise and financial strength, aiming to accelerate growth in Pune, Mumbai, and Bengaluru markets.
14Mar 25
Blackstone to Acquire 40% Stake in Kolte-Patil Developers for ₹1,166 Crore
Blackstone's entity BREP Asia III India Holding Co VII Pte. Ltd is set to acquire a 40% stake in Kolte-Patil Developers Ltd for ₹1,166 crore. The deal involves a preferential allotment of 14.3% new shares and purchase of 25.7% existing shares from promoters, both at ₹329 per share. This triggers a mandatory open offer for an additional 26% stake. Post-transaction, Blackstone will have joint control with existing promoters, right to nominate 3 board directors, and veto powers on critical matters. The existing promoter group's stake will significantly reduce.
13Mar 25
Blackstone to Acquire 40% Stake in Kolte-Patil Developers for ₹1,800 Crore
Kolte-Patil Developers has approved a preferential allotment to raise ₹1,800 crore, with Blackstone's entity BREP acquiring a 40% stake. The deal includes a 14.3% stake through preferential allotment and additional shares from existing promoters. Blackstone will gain joint control, with rights to nominate 3 board directors and veto power on key decisions. The transaction requires regulatory approvals and includes an open offer for an additional 26% stake.