KOLTEPATIL

Aug 7 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• EXITS PARTNERSHIP WITH AMCO LANDMARKS REALTY

Source text: ID:nNSE8pRfTb

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** Shares of Kolte-Patil Developers KOLT.NS fall 8% to 409 rupees, set for their biggest intraday pct-loss since Oct. 2023

** Real estate firm posts Q1 net loss 169.9 million rupees ($1.96 million) vs 62.3 mln rupees profit a year ago, hurt by a 75% revenue slump

** More than 459,000 shares traded, over 1.5x the 30-day avg

** Stock up 15% YTD

($1 = 86.8700 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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July 23 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• KOLTE-PATIL DEVELOPERS LTD - TO CONSIDER PROPOSAL TO RAISE FUNDS BY WAY OF ISSUANCE OF DEBT SECURITIES

Source text: ID:nBSE96yGg

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** Shares of India's Kolte-Patil Developers KOLT.NS rise 2.3%, set for first session of gains in three

** Competition Commission of India (CCI) approves Blackstone's BX.N 40% stake buy deal in co, KOLT and CCI said in separate statements

** Avg rating of four analysts tracking the stock is "strong buy"; median TP 520 rupees - data compiled by LSEG

** YTD stock up 31%

(Reporting by Hritam Mukherjee in Bengaluru)

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June 10 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• INDIA COMPETITION WATCHDOG: APPROVES ACQUISITION OF CERTAIN STAKE IN KOLTE-PATIL DEVELOPERS BY BREP ASIA III INDIA HOLDING

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April 17 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• ANNUAL SALES AT 27.91 BILLION RUPEES IN FY25

Source text: ID:nNSE5J0G9N

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March 17 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• KOLTE-PATIL AND BLACKSTONE FORGE STRATEGIC PARTNERSHIP

• PARTNERSHIP FOR RESIDENTIAL REAL ESTATE IN INDIA

• BLACKSTONE WILL ACQUIRE UP TO 66% STAKE IN KPDL

• DEAL FOR 18 BILLION RUPEES

• BLACKSTONE TO ACQUIRE UP TO 26% FROM PUBLIC THROUGH OPEN OFFER

Source text: [ID:]

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March 13 (Reuters) - U.S. investment firm Blackstone BX.N will purchase a 40% stake in Indian real estate developer Kolte-Patil Developers KOLT.NS in a deal worth 11.67 billion rupees ($134 million), the latter said on Thursday.

Kolte-Patil will allot a Blackstone entity 14.3% preferential shares in a deal worth 4.17 billion rupees, while its controlling shareholders will sell another 25.7% to the U.S. firm for about 7.5 billion rupees.

According to Indian market regulations, the sale will trigger a so-called open offer for Blackstone to buy up to 26% shares from existing shareholders.

Blackstone, which entered India 20 years ago, counts India among its biggest markets, and is also one of the country's largest owners of office buildings, data centres, shopping malls and logistics parks.

Kolte-Patil builds residential as well as commercial complexes and has a presence in the cities of Mumbai, Pune and Bengaluru. Its shares closed 2.3% higher at 346.65 rupees in Mumbai after the news.

($1 = 87.0100 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

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** Kolte-Patil Developers KOLT.NS rises 2.4% to 292.45 rupees; set to snap a three-session losing streak

** Co posts Q3 net profit of 253 mln rupees ($2.9 mln) vs year-ago loss of 628.9 mln rupees; rev sees more than four-fold jump y/y

** Around 507,311 shares traded, more than 2x the 30-day avg

** KOLT fell 26.8% in 2024

($1 = 86.8750 Indian rupees)

(Reporting by Vijay Malkar)

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Feb 11 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• KOLTE-PATIL DEVELOPERS DEC-QUARTER CONSOL NET PROFIT 253 MILLION RUPEES

• KOLTE-PATIL DEVELOPERS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.5 BILLION RUPEES

Source text: ID:nBSE1Hlh2r

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Feb 7 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• SIGNS JOINT DEVELOPMENT DEAL IN PUNE

• PROJECT EXPECTED GDV OF 40 BILLION RUPEES

Source text: ID:nBSE10JZ9H

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Jan 21 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• PRE-SALES OF 21.61 BILLION RUPEES IN 9M FY25

• 9M FY25 COLLECTIONS AT 17.29 BILLION RUPEES

• PRE-SALES VALUE OF 6.80 BILLION RUPEES IN Q3 FY25

Source text: ID:nBSE4jW9tL

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Dec 5 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• KOLTE-PATIL DEVELOPERS - TO SELL 17% STAKE IN KOLTE-PATIL PLANET KIWALE PROJECT

• KOLTE-PATIL DEVELOPERS - DEAL FOR 37.9 MILLION RUPEES

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Nov 12 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• SEPT-QUARTER CONSOL NET PROFIT 97.4 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.08 BILLION RUPEES

Source text: ID:nNSE2QplLN

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** Shares of Kolte-Patil Developers Ltd KOLT.NS rise as much as 12.1% to 439.9 rupees

** Real estate co says Q2 collections rose 16% y/y to 5.5 bln rupees ($65.5 mln), sales value up 22% y/y

** Stock on track for second straight weekly gain, up 11.7% for the week so far

** More than 2 mln shares traded as of 9:40 a.m. IST, 7.5x times their 30-day moving avg

** KOLT last up 10.7%; fell 11.5% YTD

($1 = 84.0125 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Oct 16 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• Q2 COLLECTIONS UP 16% Y/Y, Q2 REALIZATION UP 16% Y/Y

Source text for Eikon: ID:nBSEqNJPJ

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Oct 8 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• KOLTE-PATIL DEVELOPERS - NAMES RAVI PORWAL AS CFO

Source text for Eikon: [ID:]

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July 24 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• KOLTE-PATIL DEVELOPERS - SALE OF 20% STAKE HELD BY CO IN SNOWFLOWER PROPERTIES

• KOLTE-PATIL DEVELOPERS - DEAL FOR 83.8 MILLION RUPEES

Source text for Eikon: ID:nNSE1xXvxQ

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July 16 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• Q1 COLLECTIONS UP 19% Y/Y

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April 12 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• Q4 NEW AREA SALES VOLUME UP 6% Y/Y

• Q4 NEW AREA SALES VALUE UP 6% Y/Y

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** Shares of Kolte-Patil Developers KOLT.NS rise as much as 10.1% to 569.55 rupees, highest level in three months

** Brokerage Motilal Oswal initiates coverage on stock with 'buy' rating, sets PT of 700 rupees

** Developer's project pipeline as of December 2023 stood at 33 million square feet (msf), of which 18 msf represents future pipeline; brokerage expects KOLT to deliver a 22% compounded annual growth rate in pre-sales over FY24-26 to 45 billion rupees ($540.8 million)

** Motilal analysts expect KOLT's robust cash flows along with healthy balance sheet to enable improved business development spends

** Stock eyes busiest trading session since Jan 4

** Stock last up 8%, pushing YTD gains to ~14.4%

($1 = 83.2180 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru)

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Jan 23 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• ACQUIRES TWO SOCIETY RE-DEVELOPMENT PROJECTS IN WESTERN SUBURBS OF MUMBAI METROPOLITAN REGION

• ACQUIRED PROJECTS HAVE TOPLINE POTENTIAL OF 5.45 BILLION RUPEES

Source text for Eikon: ID:nBSE39nD4Y

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Jan 12 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• KOLTE-PATIL DEVELOPERS Q3FY24 COLLECTIONS UP 13% YOY

Source text for Eikon: ID:nNSE1yBFkt

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By Aby Jose Koilparambil

Nov 6 (Reuters) - More developers in India are putting electric vehicle chargers in parking slots of new developments, hoping to boost the value of the property and attract more buyers in a country where the charging infrastructure can't keep up with soaring EV sales.

While EVs accounted for just 2.4% of India's vehicle sales in the first half of this year, EV sales grew 137% to 48,000 units during the same period, research firm Canalys says.

The world's most populous nation is aiming to make EVs account for a third of total vehicle sales by 2030, but scarcity of public charging stations could derail these ambitions.

Currently, there are 435 EVs for every public charging station nationwide, according to power ministry data, in contrast to the United States, which has 26 EVs per charger, data from the Alliance for Automotive Innovation shows.

For now, property developers including Sobha SOBH.NS, and property management firm Prestige PREG.NS, are using this shortage to their advantage, betting that EV chargers in residential properties will make clients pay a premium for units like swimming pools used to in the past.

"People considering purchasing EVs want assurance that they will have access to charging facilities within the residential complex," said Javed Shafiq Rao, senior vice president and head of property management at Prestige, which is investing more in properties with EV chargers.

Sobha has gone a step further and launched two residential projects in Bengaluru with EV charging facilities in all available parking slots.

Other developers betting on the trend include Mahindra Lifespace MALD.NS, Kolte-Patil KOLT.NS, Brigade BRIG.NS and DLF DLF.NS.

To be sure, Indian authorities are encouraging installation of charging infrastructure, and each state has its own guidelines: Delhi, for example, requires 20% of parking spots to be reserved for EVs, while Uttar Pradesh, which has the most EV registrations, mandates all new housing complexes above 5,000 square metres to have at least one EV charging unit.

"No matter how fast public charging is, you need to go there, stop there to get the charging done, while in home-charging, you plug it in and your EV is fully charged overnight," said Ravneet Phokela, Chief Business Officer of energy firm Ather Energy.

India is expected to see sales of more than 10 million EVs a year by 2030, rising more than ten folds from last fiscal year, according to the recent annual Economic Survey.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Dhanya Skariachan, Miyoung Kim and Miral Fahmy)

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Oct 26 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES WORTH ABOUT 1.14 BILLION RUPEES

• APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES ON A PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nNSE2mTDFx

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Oct 20 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• ACQUIRED BALANCE STAKE IN KOLTE-PATIL INTEGRATED TOWNSHIPS

• COST OF ACQUISITION AT 577.8 MILLION RUPEES

Source text for Eikon: ID:nNSE9Kh8pt

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Oct 13 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• NEW AREA SALES VALUE FOR Q2 FY24 UP 72% Y/Y

• NEW AREA SALES COLLECTIONS FOR Q2 FY24 UP 17% Y/Y

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Aug 4 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• INDIA'S KOLTE-PATIL DEVELOPERS LTD JUNE-QUARTER CONSOL NET PROFIT 459.6 MILLION RUPEES VERSUS PROFIT 212.3 MILLION RUPEES

• KOLTE-PATIL DEVELOPERS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.71 BILLION RUPEES VERSUS 2 BILLION RUPEES

Source text for Eikon: ID:nBSE1dcdR8

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Aug 1 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• ACQUIRES TWO SOCIETY REDEVELOPMENT PROJECTS IN MUMBAI METROPOLITAN REGION

Source text for Eikon: ID:nBSEGJn6V

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July 13 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• OPERATIONAL UPDATE FOR Q1 FY24

• Q1 FY24 SALES VALUE UP 58% YOY

• Q1 FY24 SALES VOLUMES UP 52% YOY

• Q1 FY24 COLLECTIONS UP 8% Y/Y

Source text for Eikon: ID:nNSE2ybKGl

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