BREP Asia III India Holding Co VII Pte. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 18(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 (SEBI (SAST) Regulations).
KOLTEPATIL · price
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On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.3 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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BREP Asia III India Holding Co VII Pte. Ltd., a Blackstone-affiliated entity, has been allotted 1,26,75,685 equity shares of Kolte-Patil Developers Limited on June 23, 2025, through a preferential issue on a private placement basis at ₹329 per share. This acquisition takes BREP's shareholding in Kolte-Patil Developers from nil to 14.30% of total equity share capital. The shares were acquired during the ongoing open offer period (public announcement dated March 13, 2025; detailed public statement dated March 21, 2025). As per SEBI rules, these shares will be held in a share escrow account until the open offer process is completed and the consideration is deposited.
This marks a significant commitment by Blackstone in Kolte-Patil Developers and forms part of a larger open offer for the company. Shareholders should expect increased institutional interest and potential control changes, which could influence stock price action in both the short and long term.