Business Wire IndiaBSE: 532924, NSE: KOLTEPATIL)Commenting on the development, Mr. Rajesh Patil Chairman & Managing Director, Kolte- Patil Developers Limited said,This has been a very good partnership. Our expertise & Portman's value additions have been important for the success of this project.We have a flexible, project-specific capital structuring philosophy based on cash flow and approval visibility. The company’s strong brand name, execution track record, superior partner selection and robust balance sheet has enabled it to monetize its assets faster, generating attractive returns on investment for Kolte-Patil as well as its partners."Rahul Anand, MD, Portman Holdings India said," We are happy with our returns and the experience of working with Kolte-Patil on this project has been very good.Kolte-Patil team has demonstrated an impressive track record of delivery and quality on the Project. The partnership approach adopted in this project is consistent with Portman’s long term development & investment strategy in India and a key factor in achieving high project returns for our investors and us.”Ambrish Baisiwala, Global CEO, Portman Holdings further added," Kolte-Patil is an important partner for us and we have had a successful relationship with them and continue to look at other opportunities together. We had the opportunity to partner with them at an early stage in this project and exit with good returns. We continue to remain very bullish on India and this continues to be a very important market for us.”About Kolte-Patil Developers LimitedAbout Portman Holdings, LLP
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