Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters Stock Report

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Kolte Patil Developers Ltd Acquire 49% Stake In Two Arms-Business Standard

Tuesday, 19 Feb 2013 05:31am EST 

Business Standard reported that Kolte Patil Developers Ltd has acquired a 49% stake in its two subsidiaries namely Oakwoods Hospitality and Jasmine Hospitality for total consideration of INR65.62 crores (INR656.2 million). Formerly these subsidiaries were formed by KPDL with a 51% stake ownership, and Epsilon Investments Limited, a Foreign Investor had 49% stake in both the subsidiaries. However, the completion of this transaction results in both subsidiary companies becoming wholly owned subsidiaries of KPDL. Oakwoods Hospitality and Jasmine Hospitality subsidiaries have a project in Pune and Bangalore. The acquisition of these two companies ties in with KPDL’s larger plans for upcoming real estate projects. 

Company Quote

0.6 +0.40%
30 Jul 2014