March 13, 2025
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Blackstone Group will invest Rs.1,800 crore in Kolte-Patil
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Blackstone Group will invest Rs.1,800 crore in Kolte-Patil Developers, marking its first foray into residential real estate. Through its entity BREP Asia III India Holding Co, Blackstone will acquire a 14.3% stake via preferential allotment at Rs.329 per share, a 2.6% discount. Additionally, Blackstone will launch an open offer to acquire up to 26% of the Pune-based firm. Once the deal is completed, Blackstone will hold joint control of the company alongside its current promoters.
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