India's Kolte-Patil Developers drops after $6.3 million tax demand

Kolte-Patil Developers

07/04/2026 08:12

** Shares of India's Kolte-Patil Developers KOLT.NS down 3.38 % to 300 rupees

** Real estate firm received a tax demand order of about 582.3 million rupees($6.26 million) from Mumbai State Tax Jurisdiction

** Tax demand in respect of a redevelopment project; Co does not envisage any relevant impact on financials

** YTD stock fell 22.32%

($1 = 92.9450 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))