Blackstone, one of the world’s largest asset management firms with over $1 trillion in assets under management, is set to strengthen its presence in India’s booming real estate sector. The global investment giant is acquiring a 14.29% stake in Kolte-Patil Developers, a leading real estate company known for its residential and commercial projects in Pune, Mumbai, and Bengaluru.
As a result of this transaction, Blackstone has triggered an open offer to acquire an additional 26% stake in the company at a price of Rs 329 per share. The total estimated cost of the acquisition stands at approximately Rs 1,166 crore. This move reflects Blackstone’s continued interest in India’s real estate market, which has been witnessing a surge in investments from global private equity firms.
Kolte-Patil Developers has built a strong reputation in the real estate space, delivering high-quality projects over the years. Blackstone’s investment is expected to bring further capital infusion, strategic direction, and operational efficiency to the company, potentially accelerating its growth trajectory.
With India’s real estate sector rebounding post-pandemic and global investors increasingly looking at opportunities in the country, this acquisition highlights the confidence in the long-term growth potential of the Indian property market. Blackstone’s expanding portfolio in India reaffirms its commitment to capitalizing on the rising demand for residential and commercial properties.
Financial Highlights Of Kolte Patil
Revenue: In Q3 FY25, KPDL reported a consolidated total income of ₹369.28 crore, a substantial increase from ₹83.70 crore in the same quarter of the previous fiscal year
Profit After Tax (PAT): The company achieved a net profit of ₹26.33 crore in Q3 FY25, a notable turnaround from a loss of ₹63.04 crore in Q3 FY24.
Sales Value: The sales value for Q3 FY25 stood at ₹680 crore, reflecting an 8.85% decrease compared to ₹746 crore in Q3 FY24.
Sales Volume: The company achieved sales volumes of 0.81 million square feet (msf) in Q3 FY25.
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