CCI approves the acquisition of certain shareholding in Kolte-Patil Developers Limited by BREP Asia III India Holding Co VII Pte. Ltd.

P 10 JUN 2025 Delhi ) prajaamaravati);

The Competition Commission of India has approved the acquisition of certain shareholding in Kolte-Patil Developers Limited by BREP Asia III India Holding Co VII Pte. Ltd.

The combination envisages acquisition of 40% shareholding in Kolte-Patil Developers Limited (Target) by BREP Asia III India Holding Co VII Pte. Ltd. (Acquirer) through a combination of share subscription and share purchase. The transaction also envisages acquisition of shares of the Target under open offer.

The Acquirer is an affiliate of funds advised and/or managed by affiliates of Blackstone Inc. Blackstone is a global alternative asset manager.

The Target is a listed company which is primarily engaged in the business of construction, development and sale of real estate.