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

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....CI approves the acquisition of certain shareholding in Kolte-Patil Developers Limited by BREP Asia III India Holding Co VII Pte. Ltd.<BR>Income Tax<BR>Dated:- 11-6-2025<BR><BR>The Competition Commissi....

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....on 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% shareho....

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....lding 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 envisag....

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....es 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....

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..... 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.<BR> News - Press relea....

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....se - PIB....