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Blackstone to buy 40% stake in Kolte-Patil for ₹1,150 crore
Mint Chennai
|March 14, 2025
Global investment firm Blackstone will acquire a 40% stake in Pune-based realty firm Kolte-Patil Developers Ltd for ₹1,150 crore.
The investment firm will acquire a 14.3% stake for ₹417 crore through a preferential issue of equity shares and another 25.7% stake from the promoter group for ₹750 crore, according to an exchange filing on Thursday.
Blackstone will launch an open offer to acquire an additional up to 26% stake in Kolte-Patil Developers.
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