Blackstone Affiliate Acquires 25.71% Stake in Kolte-Patil Developers, Gains Joint Control 4 days ago
BREP Asia III, a Blackstone-affiliated entity, has increased its stake in Kolte-Patil Developers to 40% through an off-market acquisition of 25.71% additional shares. This transaction has resulted in joint control for BREP Asia III alongside existing promoters, reducing the promoter group shareholding from 59.5% to 33.8%. The acquisition was conducted in compliance with SEBI regulations, including a public announcement for an open offer. Separately, Kolte-Patil Developers reported no utilization of its Rs 417.03 crore preferential issue proceeds in the quarter ended June 30, with funds currently invested in liquid mutual funds and money market funds.
BREP Asia III India Holding Acquires 40% Stake in Kolte-Patil Developers for ₹751 Crores 6 days ago
Kolte-Patil Developers Undergoes Major Board Restructuring with Blackstone Executives Joining 7 days ago
Kolte-Patil Developers Exits Three Entities, Reports Q1 FY26 Results Aug 07, 2025
Kolte-Patil Developers Reports Q1 Results with Blackstone Investment of Rs 417 Crore Aug 06, 2025
More news about Kolte Patil Developers
31Jul 25
Kolte-Patil Developers Eyes 30%+ Presales Growth for FY26, Plans Major Project Launches
Kolte Patil Developers has announced ambitious growth plans for FY26, projecting over 30% year-on-year growth in presales. The company aims for gross margins of 25-30% and mid-teens EBITDA margins. Expansion plans include launching 6-7 million square feet of projects in Pune and Mumbai. Detailed financial guidance for FY26 is expected in the upcoming quarter. The company recently held its Q1 FY26 Earnings Conference Call and published unaudited financial results for the quarter ended June 30, 2025.
Kolte-Patil Developers reported a consolidated net loss of Rs 1,688.00 lakhs for Q1 FY2026, compared to a profit of Rs 637.00 lakhs in Q1 FY2025. Revenue declined by 75.8% to Rs 8,236.00 lakhs. The company approved issuing NCDs worth up to Rs 250.00 crores and completed a preferential allotment of shares raising Rs 41,703.00 lakhs. The debt-equity ratio improved to 0.89 from 1.36.
29Jul 25
Kolte-Patil Developers Reports Sharp Revenue Decline and Net Loss in Q1
Kolte Patil Developers experienced a substantial downturn in Q1 financial performance. Revenue decreased by 75.8% to ₹824.00 million from ₹3.41 billion in the previous year. The company swung to a net loss of ₹170.00 million, compared to a profit of ₹62.00 million in the same quarter last year. Total income fell by 72.4%, while expenses decreased by 64.5%. The company's debt-to-equity ratio is 0.89, with a current ratio of 1.10. Recently, Kolte-Patil completed a preferential allotment of shares, raising approximately ₹417.03 crore.
23Jul 25
Kolte-Patil Developers to Review Debt Securities Fundraising Strategy
Kolte Patil Developers Limited has scheduled a board meeting for July 29, 2025, to review its strategy for raising funds through debt securities. The meeting will also consider and approve financial results for the quarter ended June 30, 2025. The company plans to evaluate issuing secured, listed, redeemable, non-convertible debentures on a private placement basis within approved borrowing limits. This strategic review could potentially impact the company's financial structure and future growth plans.
Kolte-Patil Developers Ltd reported mixed results for Q1 FY26. Sales volume increased by 5% QoQ to 0.84 million square feet. However, sales value decreased by 13% YoY to Rs 616.00 crore. Collections fell by 22% QoQ to Rs 550.00 crore. Realizations declined to Rs 7,337.00 per square foot. The company faces challenges in maintaining sales value and collections despite growth in sales volume.
12Jul 25
Kolte-Patil Developers: Q1 Sales Volume Up 5.2% QoQ, Collections at ₹550 Crore
Kolte Patil Developers' Q1 operational update shows a 5.2% quarter-on-quarter increase in sales volume to 0.84 million square feet. Sales value reached ₹616.00 crore with collections of ₹550.00 crore. The Life Republic Integrated Township project contributed significantly with 0.53 million square feet in sales. Average realization was ₹7,337.00 per square foot. Notably, a Blackstone fund acquired a 14.3% stake in the company on June 23, potentially supporting future growth objectives.
23Jun 25
Kolte-Patil Developers: Blackstone Acquires 14.3% Stake Through Preferential Allotment
Kolte-Patil Developers has allotted 1.26 crore equity shares, representing a 14.3% stake, to BREP Asia III India Holding Co VII Pte. Ltd., a Blackstone affiliate. The shares were issued at ₹329.00 per share, totaling ₹417.00 crore. This is part of Blackstone's larger plan to acquire a 26% stake in the company for ₹759.00 crore, with potential to increase to 40% through an open offer. The investment is expected to strengthen Kolte-Patil's financial position, supporting expansion, land acquisition, debt reduction, and general corporate purposes.
11Jun 25
CCI Greenlights BREP Asia III India Holding's Stake Acquisition in Kolte-Patil Developers
The Competition Commission of India (CCI) has approved BREP Asia III India Holding's acquisition of a stake in Kolte-Patil Developers, a prominent Indian real estate company. The size of the stake and other specific details of the deal remain undisclosed. This acquisition could potentially lead to strategic partnerships, capital infusion, or increased investor confidence in Kolte-Patil Developers.
10Jun 25
CCI Greenlights BREP Asia III India Holding's Stake Acquisition in Kolte-Patil Co-Developers
The Competition Commission of India (CCI) has approved BREP Asia III India Holding's acquisition of a stake in Kolte-Patil Co-Developers, a subsidiary of Kolte Patil Developers. BREP Asia III India Holding is part of the Blackstone Group. The exact stake size and financial details of the acquisition are not disclosed.
26May 25
Kolte-Patil Developers: Q4 Profit Soars to Rs 66.29 Crore
Kolte-Patil Developers Ltd posted a consolidated net profit of ₹66.29 crore in Q4, reversing previous year's loss. Total income rose to ₹723.20 crore. For the full fiscal year, net profit reached ₹109.33 crore with total income of ₹1,763.73 crore, indicating strong recovery in the real estate sector.
21Apr 25
Kolte-Patil Developers Achieves Record Financial Performance in FY25
Kolte-Patil Developers achieved exceptional financial results for FY25, with annual sales of ₹2,791.00 crore and record collections of ₹2,432.00 crore. The company launched new projects with a Gross Development Value of approximately ₹4,000.00 crore, demonstrating strong market presence and growth strategy in the Indian real estate sector.
18Apr 25
Kolte-Patil Developers: Mixed Results in Q4 and FY25 Amid Real Estate Market Challenges
Kolte-Patil Developers announced its FY25 results, showing a 1% decrease in annual bookings to Rs 2,791.00 crore. Despite this, the company achieved record-breaking annual collections of Rs 2,432.00 crore, up 18% year-over-year. Q4 saw a 15% decline in sale bookings to Rs 631.00 crore. The company's flagship project, Life Republic, performed well with 1.9 million square feet in sales volume. Average realizations improved by 8% to Rs 7,758.00 per square foot. Blackstone is set to acquire a 40% stake in the company for Rs 1,150.00 crore.
17Mar 25
Blackstone Acquires Majority Stake in Kolte-Patil Developers in ₹1,800 Crore Deal
Blackstone has entered into a strategic partnership with Kolte-Patil Developers Limited (KPDL), acquiring up to 66% stake for approximately ₹1,800 crore ($240 million). The deal involves a 14.3% new equity issuance to Blackstone, 25.7% acquisition from KPDL promoters, and a potential 26% through an open offer to public shareholders. This marks Blackstone's significant entry into India's residential real estate sector, complementing their existing investments in various property segments. KPDL will benefit from Blackstone's global expertise and financial strength, aiming to accelerate growth in Pune, Mumbai, and Bengaluru markets.
14Mar 25
Blackstone to Acquire 40% Stake in Kolte-Patil Developers for ₹1,166 Crore
Blackstone's entity BREP Asia III India Holding Co VII Pte. Ltd is set to acquire a 40% stake in Kolte-Patil Developers Ltd for ₹1,166 crore. The deal involves a preferential allotment of 14.3% new shares and purchase of 25.7% existing shares from promoters, both at ₹329 per share. This triggers a mandatory open offer for an additional 26% stake. Post-transaction, Blackstone will have joint control with existing promoters, right to nominate 3 board directors, and veto powers on critical matters. The existing promoter group's stake will significantly reduce.
13Mar 25
Blackstone to Acquire 40% Stake in Kolte-Patil Developers for ₹1,800 Crore
Kolte-Patil Developers has approved a preferential allotment to raise ₹1,800 crore, with Blackstone's entity BREP acquiring a 40% stake. The deal includes a 14.3% stake through preferential allotment and additional shares from existing promoters. Blackstone will gain joint control, with rights to nominate 3 board directors and veto power on key decisions. The transaction requires regulatory approvals and includes an open offer for an additional 26% stake.