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<h1>Competition clearance: approval for acquisition of significant stake in Kolte-Patil via subscription, purchase and open offer.</h1> Competition clearance granted for acquisition by BREP Asia III India Holding Co VII Pte. Ltd. of a significant shareholding in Kolte-Patil Developers Limited via a combination of share subscription and share purchase, together with an envisaged open offer. The acquirer is an affiliate of funds advised or managed by affiliates of Blackstone Inc. and the target is a listed real estate development company. A detailed order from the Commission will follow.