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Blackstone's open offer for Kolte-Patil
Mint Kolkata
|March 18, 2025
Global investment firm Blackstone has launched an open offer to acquire up to 26% stake in Pune-based realty firm Kolte-Patil Developers Ltd from public shareholders for ₹758.56 crore.
Last week, Kolte-Patil Developers announced that Blackstone would acquire a 40% stake in the company for ₹1,150 crore, entering into Indian residential market after having a significant exposure in office, shopping mall, warehousing and data centre verticals of real estate.
Blackstone affiliated firm will acquire a 14.3% stake for ₹417 crore through a preferential issue of equity shares and another 25.7% stake from the promoters group for ₹750 crore.
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