KALPATARU

By Dharamraj Dhutia

MUMBAI, May 20 (Reuters) - Two Indian real estate companies are set to raise an aggregate of around 26 billion rupees ($269 million) through sale of shorter duration bonds, two sources aware of the matter said on Wednesday.

Kalpataru Properties plans to raise 16.35 billion rupees through four-year and nine-day bonds and Shangrila Infracon India aims to raise 9.50 billion rupees through three-year notes, the sources added.

They are likely to receive interest from private credit funds, which have been on the lookout for decent-sized deals, one of the sources said.

The sources requested anonymity as they are not authorised to speak to the media. The real estate firms did not respond to Reuters emails seeking comment.

According to the sources, Kalpataru Properties, which is returning to debt markets after a gap of two years, will offer a coupon of 8%, payable on a quarterly basis. The final redemption will include an undisclosed premium to enhance the effective yield.

GSS India Opportunities Alternate Investment Fund has committed to 50% of Kalpataru's issue, while the rest would be raised through bidding, the sources added. GSS India did not reply to a Reuters email seeking comment.

This is Shangrila Infracon's maiden issue. The firm is still in talks with investors and will announce the issue in coming days, the bankers added.

Real estate received the highest allocation from private credit funds in 2025, ahead of sectors like healthcare and industrial products, according to a report from consulting firm EY.

The share of private credit funds is also rising as banks remain selective in lending to real estate companies, merchant bankers said.

($1 = 96.8200 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)

((Dharamraj.Dhutia@thomsonreuters.com;))

May 12 (Reuters) - Kalpataru Ltd KALT.NS:

• KALPATARU LTD MARCH-QUARTER CONSOL NET PROFIT 2 BILLION RUPEES

• KALPATARU LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 16.94 BILLION RUPEES

Source text: [ID:]

Further company coverage: KALT.NS

((Reuters.Briefs@thomsonreuters.com;))

April 14 (Reuters) - Kalpataru Ltd KALT.NS:

• KALPATARU LTD - Q4 FY 2025-26 PRE-SALES AT 18.33 BILLION RUPEES, UP 6% YOY

• KALPATARU LTD - Q4 FY 2025-26 COLLECTIONS AT 14.87 BILLION RUPEES, UP 41% YOY

Source text: ID:nBSE8h8FmB

Further company coverage: KALT.NS

((Reuters.Briefs@thomsonreuters.com;))

**Shares of Kalpataru KALT.NS up 9.5% to 325.6 rupees, set for best session since Jan 2

** Real estate developer signs redevelopment project in Mumbai with gross development value of 14 billion rupees ($151.64 million)

** More than 239,252 shares traded so far, 3x 30-day avg

** YTD, stock down about 3%

($1 = 92.3250 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))

March 12 (Reuters) - Kalpataru Ltd KALT.NS:

• KALPATARU - KALPATARU SIGNS REDEVELOPMENT PROJECT IN ANDHERI WEST

• KALPATARU - PROJECT WITH 14 BILLION RUPEES GDV POTENTIAL

Source text: ID:nnAZN4SKYJL

Further company coverage: KALT.NS

((reuters.briefs@thomsonreuters.com;))

Feb 24 (Reuters) - Kalpataru Ltd KALT.NS:

• KALPATARU - UNIT RECEIVED ORDER FOR TAX DEMAND OF 33.3 MILLION RUPEES

Source text: ID:nBSEbdBxqz

Further company coverage: KALT.NS

((reuters.briefs@thomsonreuters.com;))

** Shares of Indian property developer Kalpataru KALT.NS rise 3.89% to 354.8 rupees

** Shares set to snap six-session losing streak, during which they lost ~11%

** Co says its collections for the December quarter rise 17% y/y to 11.01 bln rupees ($122 million) while pre-sales drop 14%

** Stock down ~18% since listing in July 2025

($1 = 90.2437 Indian rupees)

(Reporting by Abhirami G in Bengaluru)

((abhirami.g@thomsonreuters.com))

Jan 12 (Reuters) - Kalpataru Ltd KALT.NS:

• KALPATARU - PRE-SALES FOR Q3 DOWN 14% Y/Y

• KALPATARU - COLLECTIONS FOR Q3 UP 17% Y/Y

Source text: ID:nBSE37gvwJ

Further company coverage: KALT.NS

((Reuters.Briefs@thomsonreuters.com;))

Dec 30 (Reuters) - Kalpataru Ltd KALT.NS:

• RECEIVES TOTAL TAX DEMAND ORDER FOR 807.1 MILLION RUPEES

Source text: ID:nBSEbP7brM

Further company coverage: KALT.NS

((Reuters.Briefs@thomsonreuters.com;;))

Aug 13 (Reuters) - Kalpataru Ltd KALT.NS:

• KALPATARU JUNE-QUARTER CONSOL NET LOSS 494.2 MILLION RUPEES

• KALPATARU JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.43 BILLION RUPEES

Source text: ID:nBSE5t2Xrl

Further company coverage: KALT.NS

((Reuters.Briefs@thomsonreuters.com;))

** Indian real estate developer Kalpataru KALT.NS climbs 3.7% to 429.35 rupees on first day of trading

** Stock opened flat at issue price of 414 rupees; co valued at 88.42 billion rupees ($1.03 billion) as of 1:01 p.m. IST

** The 15.9-billion-rupee ($185.73 million) IPO was subscribed 2.26 times

** Qualified institutional buyers' portion subscribed more than three times, while retail investors portion subscribed 1.29 times

** Proceeds from the issue to be used for repayment of debt, general corporate purposes

** IPO consists solely of fresh issue of shares

($1 = 85.6060 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))