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

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

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.

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.

Next Story
Real Estate

Inspira Realty Plans 8-10 Redevelopment Projects in Mumbai

Inspira Realty, a leading Mumbai-based developer and a part of Inspira Global, has announced plans to undertake 8–10 new redevelopment projects across the city’s key western and southern corridors. With this expansion, the firm is poised to exceed its current Gross Development Value (GDV) of Rs 40 billion and drive forward its urban transformation agenda. The company has commenced the financial year with two development agreements signed in Borivali and Santacruz (W) and is actively negotiating further acquisitions. These projects, expected to span a construction area of 4 million sq ..

Next Story
Real Estate

U-Sphere Bags First Private Project with Ceenex in Thiruvananthapuram

U-Sphere, the high-tech construction arm of ULCCS, has secured its first major private sector project: the design and construction of a new training facility for Canada-based Ceenex Global Computer Private Limited in Sasthamangalam, Thiruvananthapuram. The agreement was signed by Remeshan Palery, Director, U-Sphere, and Muhammed Irfan, Director, Ceenex Global. As part of the project, U-Sphere will deliver the core structural framework and building envelope within a fast-tracked seven-month schedule. This facility will serve as a key hub for Ceenex’s initiatives across e-governance, heal..

Next Story
Equipment

Godrej Motor Solutions Targets Rs 10 billion Revenue by FY28

The Motor Solutions business of the Godrej Enterprises Group is aiming for Rs 10 billion  in revenue by FY28, with 20 per cent of this expected from exports. For FY26, the business is targeting Rs750 crore, driven by demand growth across electric vehicles (EVs), HVAC, pumps, and actuators in both domestic and international markets. Xercsis Marker, EVP & Head, Motor Solutions Business, Godrej Enterprises Group, said,  “We are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in t..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?