The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sunita Patil & PACs
KOLTEPATIL · price
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Sunita Rajesh Patil, part of the promoter group of Kolte-Patil Developers, sold 16,52,751 equity shares (1.8637% of paid-up capital) on 11 August 2025 through an off-market transaction. The buyer is BREP Asia III India Holding Co VII Pte. Ltd., a private equity investor. After the sale, her residual holding is just 500 shares (0.0006%). This sale is part of a larger Share Purchase Agreement under which BREP Asia III is acquiring 25.7% of the company from the promoter and promoter group sellers. The deal involves multiple Patil and Kolte family members acting as Persons Acting in Concert (PACs).
This is a significant promoter exit that will materially reduce promoter shareholding in Kolte-Patil Developers and bring in a large private equity investor (BREP Asia III) as a major shareholder. Investors should expect changes in promoter control dynamics and potential impact on stock price given the size of the overall 25.7% block deal.