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Blackstone to pick up 14.3% stake in Kotle-Patil Developers, makes open offer
Blackstone will acquire a 14.3% stake in Kolte-Patil Developers through a Rs 417 crore preferential allotment, followed by a 25.7% stake purchase from promoters. This strategic move grants Blackstone governance rights and strengthens its presence in Indias real estate sector.
Blackstone will acquire a 14.3% stake in Kolte-Patil Developers through a Rs 417 crore preferential allotment, followed by a 25.7% stake purchase from promoters. This strategic move grants Blackstone governance rights and strengthens its presence in Indias real estate sector.
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