Acquisitions12 Aug 2025, 01:46 pm
Blackstone Consortium Announces Open Offer for Kolte-Patil Developers Ltd.
AI Summary
Blackstone Real Estate Partners Asia II L.P., BREP Asia II] India Holding Co VH Pte. Ltd., and Blackstone Real Estate Partners (Offshore) X.TE-F (AIV) L.P. have announced an open offer for acquisition of up to 2,30,56,825 fully paid-up equity shares of Kolte-Patil Developers Ltd., representing 26% of the emerging voting capital, at a price of INR 329/- per share. The open offer is not conditional upon any minimum level of acceptance and is not a competing offer.
Key Highlights
- Blackstone consortium announces open offer for Kolte-Patil Developers Ltd.
- Offer price is INR 329/- per equity share, payable in cash.
- Does not require minimum level of acceptance and is not a competing offer.
- Required statutory approval received on June 10, 2025.
- Offer open from May 22, 2025 to May 27, 2025.