The Competition Commission of India (CCI) has approved the acquisition of certain shareholding in Kolte-Patil Developer by BREP Asia III India Holding Co VII Pte.
The combination envisages acquisition of 40% shareholding in Kolte-Patil Developers (Target) by BREP Asia III India Holding Co VII Pte (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.
Kolte Patil Developers is a leading real estate company.
