Page 216 - Kolte Patil AR 2019-20

Notes forming part of the Consolidated Financial Statements
Tribunal for reduction in share capital by“KPRE”was received and became effective. Accordingly, Kolte-Patil Real Estate Private Limited became 100% subsidiary of the Company with effect from December 31, 2018.
iv. During the year ended March 31, 2020, the Company has increased its stake in Carnation Landmarks LLP from 50.17% to 99%, the same was executed with retirement deed where in existing partners India Realty Excellence Fund II LLP and India Realty Excellence Fund III was retired from Carnation Landmarks LLP on 12th February 2020.
v. During the year ended March 31,2020, Jasmine Real Estate Private Limited (JREPL) was incorporated under the Companies Act, 2013. JREPL is jointly controlled by KPIT (95% Subsidiary of the Company) and Plant Holding Limited having holding of 50% equity stake with economic benefit of 10% and 90% respectively.
34. DISCLOSURE AS REQUIRED UNDER IND AS 112
a) Details of Non-Wholly Owned Subsidiaries that have Material Non-Controlling Interest
Name of the Subsidiary
Proportion of Ownership and voting rights held by Non- Controlling Interests
Profit/(Loss) after Tax allocated to Non-Controlling Interests
(H in Lakhs) Accumulated Non-
controlling Interest
March 31, 2020
5% 49% - Total -
March 31, 2019
55% 49% - -
March 31, 2020
937 (195) 1,991 2,733
March 31, 2019
912
287 1,202 2,401
March 31, 2020
(319) 939 865 1,485
March 31, 2019
(4,367) 1,399 3,560 592
Kolte-Patil I-Ven Townships (Pune) Limited
Tuscan Real Estate Private Limited
Individually Immaterial Non- Controlling Interest
b) Summarised financial information in respect of each of the Group’s
below. The summarized financial information below represents amounts before intragroup eliminations.
i) Kolte-Patil I-Ven Townships (Pune) Limited Particulars
Current assets
Non-current assets
Current liabilities
Non-current liabilities
Equity interest attributable to the owners Non-controlling interest
As at March 31, 2020
92,178 9,734 88,389 19,898 (6,375) -
(H in Lakhs) As at
March 31, 2019
80,856 10,977 71,335 28,438 (7,940)
-
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subsidiaries that has material non-controlling interests is set out