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Blackstone forays into Indian realty
Business Standard
|March 14, 2025
Acquires 40% in Kolte-Patil for ₹1,166 crore
Global private equity giant Blackstone will pick up a 40 per cent stake in Pune-based Kolte-Patil Developers for ₹1,166 crore, making a foray into India's residential property market which saw the highest annual sales in a decade in 2024.
BREP Asia III India Holding Co, a Blackstone entity, will buy a 14.3 per cent stake in Kolte-Patil Developers for ₹417.03 crore through a preferential allotment route, the company said in a statement to stock exchanges on Thursday.
This story is from the March 14, 2025 edition of Business Standard.
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