Kolte Patil Developers approves merging with Tuscan Real Estate
Real Estate

Kolte Patil Developers approves merging with Tuscan Real Estate

The merger of Tuscan Real Estate, a fully owned subsidiary, into Kolte Patil Developers was approved by the board of directors.

The board also authorised the demerger and company-wide integration of the retail operations of Kolte-Patil Properties, a wholly owned subsidiary that was formerly known as Kolte-Patil Redevelopment.

The scheme is contingent upon receiving the required statutory and regulatory permissions, as well as the members' and creditors' consent.

The reason behind the demerger is that the restructure will cause the business operations to be consolidated and create operational synergies.

Also read:
Housing sales in Gurgaon jump over three-fold
Mahagun Group to build luxury housing project in Noida


The merger of Tuscan Real Estate, a fully owned subsidiary, into Kolte Patil Developers was approved by the board of directors. The board also authorised the demerger and company-wide integration of the retail operations of Kolte-Patil Properties, a wholly owned subsidiary that was formerly known as Kolte-Patil Redevelopment. The scheme is contingent upon receiving the required statutory and regulatory permissions, as well as the members' and creditors' consent. The reason behind the demerger is that the restructure will cause the business operations to be consolidated and create operational synergies. Also read: Housing sales in Gurgaon jump over three-fold Mahagun Group to build luxury housing project in Noida

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?