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Published on 1/16/2015 in the Prospect News Emerging Markets Daily.

India’s Kolte-Patil wraps Rs. 300 million 12¼% debentures placement

By Devika Patel

Knoxville, Tenn., Jan. 16 – Kolte-Patil Developers Ltd. informed the Bombay Stock Exchange that it completed a Rs. 300 million private placement of 12¼% series II secured redeemable taxable non-convertible debentures at a board of directors meeting on Jan. 16.

The company sold 300 debentures with a par value of Rs. 1 million each.

The real estate company is based in Pune, India.


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