Kolte-Patil Developers approves issue of NCDs worth Rs 113.65 crore, ET RealEstate

October 27, 2023

NEW DELHI: The board of directors of Kolte-Patil Developers has approved issuance of secured, rated, listed, redeemable non-convertible debentures of face value Rs 1,00,000 each, on a private placement basis, aggregating upto Rs. 113.65 crore.

The company recorded sales value of Rs 1,333 crore during H1 FY24 as compared to Rs 812 crore in H1 FY23, marking a growth of 64% year-on-year.

It’s sales volumes at 1.91 million sq ft improved by 63% in H1 FY24 as against 1.17 million sq ft in H1 FY23. Its collections stood at Rs 985 crore in H1 FY24, up 12% year-on-year from 878 crore in H1 FY23. New launches contributed ~55% to the H1 FY24 sales value.

  • Published On Oct 26, 2023 at 01:30 PM IST

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