India’s Kolte-Patil board to mull up to Rs. 5 billion of securities

By Sarah Lizee

Olympia, Wash., Feb. 7 – Kolte-Patil Developers Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Tuesday to consider passing a resolution to raise up to Rs. 5 billion of securities.

The board will consider issuing nonconvertible debentures or securities convertible into equity, among other options.

The real estate company is based in Pune, India.

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