Kolte-Patil open offer tendering period extended due to public holiday shift

BREP Asia III India Holding Co VII Pte. Ltd., alongside Blackstone Real Estate Partners, has an open offer to acquire up to 23,056,825 equity shares of Kolte-Patil Developers Limited. This represents 26% of the emerging voting capital at a price of INR 329/- per equity share, totaling up to INR 758,56,95,425/- upon full acceptance.

The tendering period, initially set to close on Monday, September 8, 2025, has been extended. This change was prompted by a Government of Maharashtra notification moving the September 5, 2025 public holiday to September 8, 2025, and a subsequent e-mail from SEBI.

As a result, the tendering period for the open offer will now conclude one working day later, on Tuesday, September 9, 2025, making the total tendering period 11 working days. Public notices regarding this update were published in various newspapers on September 6, 2025.