Stocks In News - Fund Raising

1. Kolte-Patil Developers is going to raise Rs 193 cr from global investment firm KKR.
2. The company has announced that global investment firm KKR has committed Rs 193 cr  Kolte-Patil I-Ven Townships (Pune) (KPIT), a joint venture of Kolte-Patil and ICICI Venture Funds Management Company," company said in press release.
3. KPIT is developing Life Republic, a 383-acre township located in Pune's IT hub, Hinjewadi.
4. KPIT will utilize the funds from this investment to attain financial closure at R1 sector of Life Republic, meeting working capital requirements and reducing cost of outstanding debt attributable to the development.