NEW DELHI: Kolte-Patil Developers has initiated multiple stake sales and exited from associate entities through its subsidiaries as part of a portfolio reorganization.
In a stock exchange filing dated August 7, 2025, the Pune-based developer announced that Kolte-Patil Lifespaces, a wholly-owned subsidiary, has exited its partnership with Amco Landmarks Realty, where it held a 36% stake. This exit was formalized through a deed of retirement on the same day, completed for ₹4 crore. Amco reported other income of ₹56 lakh and a net worth of ₹2.07 crore in FY25.
Moreover, on August 6, 2025, the parent company and its subsidiaries divested their holdings in three additional entities:
- Kolte-Patil Realtors Estate: 100% equity stake sold to Anisha Family Ventures LLP, a promoter group entity, for ₹1 lakh. This related-party transaction was conducted at arm’s length based on independent valuation.
- Regenesis Project Management LLP: A wholly-owned subsidiary relinquished its 35% stake for ₹3.10 crore. In FY25, Regenesis reported a net worth of ₹9.10 crore.
- Ayaan Vihan Land Development: Another wholly-owned subsidiary retired as a partner, giving up its 42.5% stake for ₹25,000. Despite recording no revenue in FY25, the firm had a net worth of ₹10.34 crore.
