JM Financial Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Notice dated September 05, 2025 published on September 06, 2025 in relation to an open offer to the Public ....
KOLTEPATIL · price
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JM Financial, the manager to the offer, has submitted a public notice to BSE regarding the open offer by BREP Asia III India Holding Co VII Pte. Ltd. (Blackstone entity) along with two Blackstone-affiliated PACs to acquire up to 2.30 crore equity shares (26% of the Emerging Voting Capital) from public shareholders of Kolte-Patil Developers at INR 329 per share, for a total consideration of up to approximately INR 758.57 crore. The public notice was published in Financial Express, Jansatta, Navshakti, and Loksatta on September 6, 2025. Due to the Maharashtra government declaring September 8, 2025 as a public holiday for Eid-e-Milad and withdrawing September 5, 2025 as a holiday, SEBI has approved extending the tendering period by one working day. The offer will now close on Tuesday, September 9, 2025, instead of the originally scheduled September 8, 2025.
This is a procedural update extending the open offer closing date by one day due to a state holiday. No change to the offer price (INR 329) or the number of shares sought. Public shareholders now have until September 9, 2025 to tender their shares in the Blackstone open offer.