Acquisitions21 Mar 2025, 07:59 pm
Blackstone, Others Announce Open Offer for 26% Stake in Kolte-Patil Developers at INR 329/- Per Share
AI Summary
BREP Asia III India Holding Co VII Pte. Ltd., Blackstone Real Estate Partners Asia IIl L.P., and Blackstone Real Estate Partners (Offshore) X.TE-F (AIV) L.P. have announced an open offer for up to 2,30,56,825 fully paid-up equity shares of Kolte-Patil Developers Limited, representing 26% of the Emerging Voting Capital, at a price of INR 329/- per share, aggregating to a total consideration of INR 758,56,95,425. The public announcement was made on March 13, 2025, and the detailed public statement is to be disseminated on various websites.
Key Highlights
- Blackstone and others announce open offer for 26% stake in Kolte-Patil Developers
- Offer price set at INR 329/- per share
- Total consideration of INR 758,56,95,425
- Public announcement made on March 13, 2025
- Detailed public statement to be disseminated on various websites