Kolte-Patil Developers to acquire Sampada Realities

Listed realty developer Kolte-Patil Developers has acquired a residential project with development potential of 2.5 million sq ft in Pune's Kiwale locality through buyout of a company Sampada Realities. The transaction entails the acquisition of around 85% equity shares in Sampada Realities on an immediate basis, while the balance 15% stake will be acquired in due course.