CCI Clears Blackstone’s Rs 11.5 Billion Kolte-Patil Deal

17 Jun 2025 CW Team

The Competition Commission of India (CCI) has approved Blackstone’s acquisition of a 40 per cent stake in Pune-based Kolte-Patil Developers Ltd. The deal, valued at Rs 11.5 billion, marks Blackstone’s entry into the Indian residential real estate sector.

The acquisition will be made by Blackstone’s affiliate, BREP Asia III India Holding Co VII Pte Ltd, through a combination of preferential share subscription and promoter stake purchase. As part of the agreement, Blackstone will also launch an open offer to acquire up to 26 per cent of Kolte-Patil's equity from public shareholders for an additional Rs 7.59 billion.

In March 2025, Blackstone had announced its intent to invest in the developer, with a 14.3 per cent stake acquired via a preferential issue for Rs 4.17 billion, and a 25.7 per cent stake purchased from the promoter group for Rs 7.5 billion. Following the transaction, Blackstone and Kolte-Patil’s promoters will jointly control the company.

This investment is part of Blackstone’s broader strategy to double its India exposure to USD 100 billion. The firm currently has an exposure of USD 50 billion in the country across real estate sectors such as offices, shopping malls, warehouses, and data centres.

In a separate development, CCI has also approved Havells India Ltd’s acquisition of a stake in Goldi Solar Pvt Ltd, and Goldi Sun Pvt Ltd’s acquisition of 100 per cent partnership interest in Vama Inverters LLP and Goldi Energy LLP.

Havells, known for manufacturing fans, lighting, switches, and appliances, is expanding into solar. Goldi Solar and its affiliates are engaged in manufacturing solar modules and EPC services for the solar sector, while Vama Inverters deals in solar inverter sales.

The approvals reflect CCI’s role in regulating major transactions to promote fair competition and ensure compliance with thresholds in M&A activity across sectors.

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..

Sinoboom Launches Dual-ETM Smart Technology

Sinoboom recently introduced its Dual-ETM Smart Technology at CONEXPO-CON/AGG 2026, designed to enhance battery endurance and operational efficiency in electric boom lifts.The new technology integrates advanced components that enable real-time optimisation of power usage during equipment operation. By calculating the precise power requirement instantly, the system delivers only the energy needed for each movement, reducing the inefficiencies associated with conventional maximum-demand power systems.The solution incorporates multiple sensors—including pressure, weight, length and level sensor..