Kolte Patil Developers board approve fund raising up to Rs. 500 cr

The Board of Kolte Patil Developers at its meeting held on 27 December 2017 has approved fund raising up to Rs 500 crore by various modes, including by issue of non-convertible debentures or any other securities. Merger of Bellflo

BY Realty Plus
Published - Wednesday, 27 Dec, 2017

Kolte Patil Developers board approve fund raising up to Rs. 500 cr

The Board of Kolte Patil Developers at its meeting held on 27 December 2017 has approved fund raising up to Rs 500 crore by various modes, including by issue of non-convertible debentures or any other securities. Merger of Bellflower Properties, a wholly owned subsidiary with the Company, subject to the approval National Company Law Tribunal and such other Regulatory authorities was also approved by the board.