KOLTEPATIL

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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** Shares of Kolte-Patil Developers KOLT.NS up around 4% at 378 rupees

** Real estate developer posts Q2 consol net profit of 97.4 million rupees ($1.2 million) compared to a loss of 253.1 million rupees a year earlier

** Rev jumps 56% to 3.08 billion rupees

** Stock sees busiest day in nearly a month, vols at 2x their 30-day avg

** Still, KOLT down 22.5% in 2024 vs a 21.5% and 14% rise in larger rivals Macrotech Developers MACE.NS and Keystone Realtors KEYS.NS, respectively

($1 = 84.4025 Indian rupees)

(Reporting by Nishit Navin in Bengaluru)

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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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** Shares of real estate co Kolte-Patil Developers KOLT.NS fall as much as 9% to 467.3 rupees

** Co reported widening of consolidated net loss in Sept-qtr to 253.1 mln rupees ($3.04 million) from a loss of 87.9 mln rupees a year ago

** Total expenses rose 53.05% to 2.2 bln rupees, dragged by cost of services, construction, and land which rose nearly 51%

** Over 829,000 shares traded as of 1:27 pm IST, 2.9X the 30-day moving average

** Stock currently down 4%, trimming YTD gains to 76.5%

($1 = 83.1740 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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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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May 25 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• MARCH-QUARTER CONSOL NET PROFIT 1.17 BILLION RUPEES VERSUS 268.2 MILLION RUPEES YEAR AGO

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 7.97 BILLION RUPEES VERSUS 3.76 BILLION RUPEES YEAR AGO

Source text for Eikon: ID:nBSEbhNBX

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

• ADDS TWO RESIDENTIAL PROJECTS IN PUNE WITH TOP-LINE POTENTIAL OF ABOUT 13 BILLION RUPEES

Source text for Eikon: ID:nNSEccL1nn

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** Shares of Kolte-Patil Developers Ltd KOLT.NS rise as much as 7.45% to 266.20 rupees per share, a three-week high

** Stock most active in four months with trading volume of 2.67 mln shares as of 11:42 a.m. IST, nearly 10 times the 30-day avg

** About 1.87 mln shares change hands in a block as of 11:42 a.m. IST, at a price of 247.15 rupees per share

** Moving average convergence divergence (MACD) line has been above signal line for last three sessions, suggesting bullish bias - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

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April 27 (Reuters) - Kolte-Patil Developers Ltd KOLT.NS:

• MARKS ENTRY IN CENTRAL SUBURBS OF MUMBAI AND NAVI-MUMBAI MICRO MARKETS

• SIGNS TWO NEW SOCIETY REDEVELOPMENT PROJECTS IN MUMBAI METROPOLITAN REGION

• SIGNS TWO NEW SOCIETY REDEVELOPMENT PROJECTS WITH REV POTENTIAL OF 12 BLN RUPEES

Source text for Eikon: [ID:]

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MUMBAI, April 17 (Reuters) - India's Kolte-Patil Developers KOLT.NS has accepted bids worth 2.07 billion rupees ($25.3 million) for zero-coupon bonds maturing in 10 years, two merchant bankers said on Monday.

The company had invited bids from bankers and investors for the issue on Thursday, they said.

The bonds are rated A+ by Crisil and the issue will be settled later in the day.

($1 = 81.8700 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)

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