Kolte Patil Developers to hike stake in Pune township project

Kolte Patil Developers has entered into Share Purchase Agreement with ICICI Venture Funds Management Company (Fund Managers of India Advantage Fund III & IV) to acquire 50% Equity Stake in Kolte-Patil l-Ven Townships (Pune). The objective of the acquisition is to increase the controlling stake from 45% to 95% in KPIT. The cost of acquisition is Rs 140 crore.

Powered by Capital Market - Live News