Acquisitions21 Aug 2025, 01:42 pm
Blackstone Real Estate Partners Asia III L.P. and Others Announce Open Offer for Kolte-Patil Developers Limited
AI Summary
Blackstone Real Estate Partners Asia III L.P. and others have announced an open offer for acquisition of up to 2,30,56,825 fully paid-up equity shares of Kolte-Patil Developers Limited at a price of INR 329/- per share. The offer is open to public shareholders and represents 26% of the emerging voting capital of the company. The offer is being made in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.
Key Highlights
- Blackstone Real Estate Partners Asia III L.P. and others announce open offer for Kolte-Patil Developers Limited
- Offer price set at INR 329/- per equity share
- Open offer for up to 2,30,56,825 equity shares representing 26% of the emerging voting capital
- Offer made in accordance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended
- Offer open to public shareholders