Acquisition History / Blackstone / Kolte-Patil Developers Ltd (40%)
Blackstone Acquires Kolte-Patil Developers Ltd (40%)
Announced March 13, 2025 — $131.8M
What happened
Blackstone agreed to take a 40% stake in Pune-based listed developer Kolte-Patil Developers for Rs 1,166 crore, its first move into Indian residential development. Its entity BREP Asia III India Holding Co subscribed to 12.6 million new shares at Rs 329 apiece for Rs 417.03 crore and agreed to buy a further 25.7% under a share purchase agreement, becoming a co-promoter.
- Acquirer
- Blackstone
- Target
- Kolte-Patil Developers Ltd (40%)
- Announced
- March 13, 2025
- Price
- $131.8M
- Industry
- Residential real estate development
- Buyer type
- Private equity
- Fund vehicle
- BREP Asia III India Holding Co
- Backing investors
- Blackstone
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Blackstone acquire Kolte-Patil Developers Ltd (40%)?
Blackstone acquired Kolte-Patil Developers Ltd (40%) on March 13, 2025. This was Blackstone's 1st publicly tracked acquisition out of 2 we have on record.
How much did Blackstone pay for Kolte-Patil Developers Ltd (40%)?
Blackstone paid $131.8M for Kolte-Patil Developers Ltd (40%).
What does Kolte-Patil Developers Ltd (40%) do?
Blackstone agreed to take a 40% stake in Pune-based listed developer Kolte-Patil Developers for Rs 1,166 crore, its first move into Indian residential development. Its entity BREP Asia III India Holding Co subscribed to 12.6 million new shares at Rs 329 apiece for Rs 417.03 crore and agreed to buy a further 25.7% under a share purchase agreement, becoming a co-promoter.
What other Residential real estate development companies has Blackstone acquired?
Kolte-Patil Developers Ltd (40%) is Blackstone's only publicly tracked acquisition in Residential real estate development so far.
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