SOLD LAND PAR­CEL

Dalal Street Investment Journal - - KERBSIDE -

Pune-based de­vel­oper Koltepatil De­vel­op­ers has sold a land par­cel in the city’s Wakad area for a con­sid­er­a­tion of Rs 161 crore. The strate­gic sale has been un­der­taken af­ter eval­u­at­ing the over­all fea­si­bil­ity and is in line with the com­pany’s strat­egy of main­tain­ing a lean bal­ance sheet. The com­pany will con­tinue to ex­plore strate­gic part­ner­ships un­der as­set light mod­els to en­hance its over­all port­fo­lio and po­si­tion the com­pany for sus­tained growth. The stock looks good for ac­cu­mu­la­tion for the short term.

Kolte-patil De­vel­op­ers BSE Code: 532924 CMP: ₹167

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