Kolte - Patil Developers Limited has informed the Exchange about outcome of the meeting of the Preferential Issue Shares Allotment Committee of the Board of Directors of the Company and other disclosures pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( LODR Regulations )
KOLTEPATIL · price
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On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 2.9 pts less 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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Kolte-Patil Developers has allotted 1,26,75,685 equity shares to BREP Asia III India Holding Co VII Pte. Ltd. (a Blackstone-affiliated entity) on a preferential basis. The shares were issued at ₹329 each (face value ₹10, premium ₹319), raising a total of approximately ₹417 crores. Post-allotment, BREP Asia III will hold 14.3% stake in the company. The allotment was approved by the Preferential Issue Shares Allotment Committee on June 23, 2025, in line with the Companies Act, 2013 and SEBI ICDR Regulations.
This is a significant capital raise of ~₹417 crores from a marquee global private equity investor (Blackstone), which strengthens the company's balance sheet and signals strong institutional confidence. However, the 14.3% new equity issuance will dilute existing shareholders, and the stock may react based on the issue price relative to prevailing market price.