SOLD LAND PARCEL
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