Blackstone affiliates conclude Kolte-Patil Developers open offer

BREP Asia III India Holding Co VII Pte. Ltd. ("Acquirer") along with Blackstone Real Estate Partners Asia III L.P. and Blackstone Real Estate Partners (Offshore) X.TE-F (AIV) L.P. ("PACs") successfully concluded their open offer for Kolte-Patil Developers Limited. The offer aimed to acquire up to 23,056,825 fully paid-up equity shares, representing 26.00% of the emerging voting capital, at a price of INR 329.00 per equity share, totaling up to INR 7,585,695,425.

The offer, which opened on Friday, August 22, 2025, and closed on Tuesday, September 9, 2025, saw a total of 614 equity shares validly tendered and accepted. The payment of consideration, amounting to INR 202,006, was made on Friday, September 12, 2025.

Post-offer, the acquirer's shareholding in Kolte-Patil Developers Limited stands at 35,472,652 shares, representing 40.00% of the emerging voting capital. The public shareholding now stands at 23,221,347 shares, or 26.19%. JM Financial Limited acted as the manager to the offer, with MUFG Intime India Private Limited serving as the registrar.