Kolte - Patil Developers Limited — Insider Trade, 13-08-2025: Insider/ Institutional Trade

BREP Asia III India Holding Co VII Pte. Ltd., an entity associated with Blackstone, has significantly increased its stake in Kolte-Patil Developers Limited. Through an off-market share purchase agreement on August 11, 2025, BREP Asia acquired 2.28 crore equity shares (25.71%) from Rajesh Anirudha Patil and other members of the promoter group.

This acquisition boosts BREP Asia's total holding, including shares held by Persons Acting in Concert (PACs), to 3.55 crore shares, representing a 40.00% stake in Kolte-Patil Developers. Importantly, BREP Asia is now classified as a co-promoter of Kolte-Patil Developers, sharing joint control with the existing promoters. This move signifies a strong long-term commitment and strategic alignment for the company's future.