BREP Asia III India Holding Co VII Pte. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 18(6) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
KOLTEPATIL · price
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BREP Asia III India Holding Co VII Pte. Ltd., a Blackstone-affiliated entity, has acquired 2,27,96,353 equity shares (about 25.71% of the equity capital) of Kolte-Patil Developers from members of the promoter group on August 11, 2025. The shares were purchased off-market at ₹329 per share, pursuant to a Share Purchase Agreement dated March 13, 2025. Following this acquisition, the acquirer's combined holding has risen from 14.29% to 40.00% of Kolte-Patil's equity share capital. The sellers included Rajesh Patil, Milind Kolte, Sunita Patil, Vandana Patil, and other promoter family members. This is a mandatory disclosure under SEBI takeover regulations (Regulation 18(6)) following the open offer process.
This is a major change in Kolte-Patil's ownership structure, with a global PE giant (Blackstone) becoming the largest shareholder at 40%. Promoters have substantially diluted their holding, which changes the balance of control and could shift strategic direction. The stock may see heightened interest given the prestigious institutional entry, though promoter influence is materially reduced.