CCI Clears BREP Asia’s Stake Acquisition in Kolte-Patil Developers

11 Jun 2025 CW Team

The Competition Commission of India (CCI) has granted approval for the acquisition of a significant minority stake in Kolte-Patil Developers by BREP Asia III India Holding Co VII.

As per the proposed transaction, BREP Asia III India Holding Co VII (the Acquirer) will acquire up to 40 per cent shareholding in Kolte-Patil Developers (the Target) through a combination of primary and secondary investments, including share subscription and share purchase. The transaction also includes an open offer for additional shares of the Target, as per regulatory norms.

The Acquirer is an affiliate of funds advised and/or managed by entities affiliated with Blackstone Inc., one of the world’s leading alternative investment firms with a diversified global portfolio.

Kolte-Patil Developers, a listed entity in India, is primarily engaged in the construction, development, and sale of residential and commercial real estate projects.

The Commission’s detailed order on the matter will be issued in due course.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..