CCI Approves Acquisition of Kolte-Patil Developers by BREP Asia III

The Competition Commission of India has approved BREP Asia III India Holding Co VII Pte. Ltd.'s acquisition of a 40% shareholding in Kolte-Patil Developers Limited. The transaction involves a combination of share subscription and purchase, along with an open offer for additional shares. BREP Asia is affiliated with Blackstone Inc., a global alternative asset manager, while Kolte-Patil is a listed company engaged in real estate development.

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