The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sunita Kolte & PACs
KOLTEPATIL · price
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Promoter group member Sunita Kolte sold 24,62,006 equity shares (2.78% of total share capital) through an off-market transaction on 11 August 2025. This sale is part of a larger Share Purchase Agreement where BREP Asia III India Holding Co VII Pte. Ltd. (a Singapore-based private equity firm) is acquiring 25.7% of paid-up equity capital from the Kolte-Patil promoter family. After this transaction, the overall promoter and promoter group holding has fallen sharply from 59.5% to 33.8% of the company, meaning the promoters have lost majority control. Sunita Kolte's personal stake dropped from 5.39% (47.79 lakh shares) to 2.61% (23.17 lakh shares). The acquirer BREP Asia III will emerge as a significant new shareholder in the company.
This is a major ownership change — the promoter family's stake has dropped below 50%, giving up majority control of Kolte-Patil Developers to private equity investor BREP Asia III. Shareholders should expect changes in board composition, governance, and strategic direction as a new large institutional shareholder takes a significant position.