Singapore-Based FII Increases Stake in Kolte-Patil Developers to 40% with ₹750 Crore Investment
A Singapore-based foreign institutional investor has significantly increased its stake in Kolte-Patil Developers, a leading real estate company based in Pune, by investing ₹750 crore. The acquirers, including Blackstone entities, now hold 40% of the company’s equity.
Real EstateKoltepatil DevelopersBlackstoneSingapore FiiInvestmentReal EstateAug 12, 2025
Singapore-based foreign institutional investor BREP Asia III India Holding Co VII Pte. Ltd., along with its affiliates Blackstone Real Estate Partners Asia III L.P. and Blackstone Real Estate Partners (Offshore) X.TE-F (AIV) L.P., has increased its stake in Kolte-Patil Developers to 40% through an off-market transaction.
According to the stock exchange filing, the acquirers purchased 2,27,96,353 equity shares of the Pune-based real estate company on August 11, 2025 from promoter group members, including Rajesh Anirudha Patil, Naresh Anirudha Patil, Milind Digambar Kolte, and others.
The shares were acquired at ₹329 apiece, taking the total deal value to nearly ₹750 crore.
Prior to the transaction, the acquirers collectively held 1,26,75,685 shares, representing 14.29% of Kolte-Patil’s equity. Following the acquisition, their stake has risen to 3,54,72,038 shares, or 40% of the company’s equity capital.
The transaction marks a significant increase in Blackstone’s presence in Kolte-Patil Developers, reflecting growing institutional interest in India’s real estate sector amid strong demand for housing and commercial spaces.
Kolte-Patil Developers share price has fallen 9% in one month, but the realty stock has rallied 22% in three months. The smallcap stock has gained 40% in six months, and 16% on a year-to-date (YTD) basis. Kolte-Patil Developers shares have surged 56% in three years, and have delivered multibagger returns of 158% in five years.
At 12:25 PM, Kolte-Patil Developers share price was trading 1.93% higher at ₹415.50 apiece on the BSE.
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Frequently Asked Questions
What is the significance of the stake increase by the Singapore-based FII in Kolte-Patil Developers?
The stake increase by the Singapore-based FII, including Blackstone entities, to 40% in Kolte-Patil Developers signifies a strong institutional interest in the Indian real estate sector, particularly in Pune. This move reflects the growing demand for both housing and commercial spaces in the region.
How much did the Singapore-based FII pay for the additional shares in Kolte-Patil Developers?
The Singapore-based FII paid ₹329 per share for the additional 2,27,96,353 equity shares, bringing the total deal value to nearly ₹750 crore.
What was the previous stake of the acquirers in Kolte-Patil Developers before the transaction?
Before the transaction, the acquirers collectively held 1,26,75,685 shares, representing 14.29% of Kolte-Patil’s equity.
How has the share price of Kolte-Patil Developers performed over the past year?
Kolte-Patil Developers share price has gained 16% on a year-to-date (YTD) basis, 40% in six months, and 22% in three months. However, it has fallen 9% in one month.
What is the current trading price of Kolte-Patil Developers shares?
At 12:25 PM, Kolte-Patil Developers share price was trading 1.93% higher at ₹415.50 apiece on the BSE.
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