**Summary:**
The Competition Commission of India (CCI) has approved the acquisition of a 40% shareholding in KoltePatil Developers Limited by BREP Asia III India Holding Co VII Pte. Ltd. The acquisition will occur through a combination of share subscription, share purchase, and an open offer. BREP Asia III India Holding Co VII Pte. Ltd. is affiliated with Blackstone Inc., a global alternative asset manager. KoltePatil Developers Limited is a listed company primarily involved in real estate construction, development, and sales. A detailed order from the CCI will be issued subsequently.
Key Entities Referenced
Competition Commission of India: Regulatory body responsible for preventing practices having adverse effect on competition in India; also referred to as CCI.
CCI: Abbreviation for Competition Commission of India.
KoltePatil Developers Limited: Target company; a listed company primarily engaged in the business of construction, development and sale of real estate.
BREP Asia III India Holding Co VII Pte. Ltd.: Acquirer company acquiring shareholding in KoltePatil Developers Limited.
Blackstone Inc.: A global alternative asset manager; the Acquirer is an affiliate of funds advised and/or managed by affiliates of Blackstone Inc.
PIB Delhi: Press Information Bureau, Delhi. Likely the source of the press release.
NBAD Release ID: 2135482: Potentially a reference or tracking number for the press release within a specific system.
Competition Commission of India
CCI approves the acquisition of certain shareholding
in Kolte-Patil Developers Limited by BREP Asia III
India Holding Co VII Pte. Ltd.
Posted On: 10 JUN 2025 8:11PM by PIB Delhi
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.
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2135482)