The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yashvardhan Patil & PACs
KOLTEPATIL · price
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Yashvardhan Patil, part of the promoter group of Kolte-Patil Developers, sold 500 equity shares off-market on 11 August 2025, reducing his holding from 5.6382% (50,00,000 shares) to 5.6377% (49,99,500 shares). This is a minor individual filing that is part of a larger Share Purchase Agreement with BREP Asia III India Holding Co VII Pte. Ltd. Under that agreement, the acquirer is buying 25.7% of the company's paid-up equity from the promoter group. As a result, the overall promoter and promoter group shareholding will drop sharply from 59.5% to 33.8%, taking it well below the 50% mark. The 500-share disposal here is the regulatory disclosure triggered by this transaction.
While the 500-share sale is negligible on its own, the underlying SPA signals a major change of control — promoters are diluting from a majority to a minority stake as private equity investor BREP Asia III takes a 25.7% strategic position. Shareholders should expect significant changes in board composition, governance, and the long-term direction of the company.