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
Products

Smart Kitchen Chimney

KAFF’s NEWBURY 90 DC chimney combines sleek grey tempered glass design with a powerful BLDC motor, 8-speed gesture/touch controls, multidimensional extraction, LED lighting, filter-less Smart Auto Clean technology, and a 12-year motor warranty delivering elegance, quiet efficiency, and long-term reliability.Contact: KAFFWebsite: https://shorturl.at/WKUkh ..

Next Story
Products

Premium Coverage

Nova 125 Premium Gypsum Plaster by Walplast offers 25 per cent more coverage at 125 m² per tonne, ensuring faster application and a flawless finish. With high whiteness, strength, crack resistance, and eco-friendly natural gypsum, it delivers durable, efficient, and sustainable wall solutions.Company: Walplast  Website: https://www.walplast.com/ ..

Next Story
Products

Noise Blocker

M.A.D is a flexible, lead-free, high-density acoustic barrier that blocks low-frequency vibrations and noise, ideal for walls, ceilings, and floors in offices, hotels, gyms, studios, and industrial spaces. Available in 2mm–6mm variants.Contact: TIKIDANWebsite: https://tikidan.in/ ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?