Description
BREP Asia III India Holding Co VII Pte. Ltd. and Blackstone entities launch takeover offer for Kolte-Patil Developers through NSE's web-based bidding platform.
Summary
BREP Asia III India Holding Co VII Pte. Ltd. (Acquirer) along with Blackstone Real Estate Partners Asia III L.P. (PAC 1) and Blackstone Real Estate Partners (Offshore) X.TE-F (AIV) L.P. (PAC 2) have initiated a takeover offer for Kolte-Patil Developers Limited through NSE’s web-based bidding platform.
Key Points
- Takeover offer for up to 2,30,56,825 equity shares at Rs. 329/- per share
- Fixed price offer with face value of Re. 10/- and lot size of 1 equity share
- ISIN: INE094I01018
- JM Financial Limited as Merchant Banker
- MUFG Intime India Private Limited as Registrar
- Order modification/cancellation not permitted for takeover offers
Regulatory Changes
Follows existing Tender Offer Scheme as per NSE circular NSE/CMTR/52776 dated June 29, 2022.
Compliance Requirements
- All Capital Market segment trading members eligible to participate
- Members can use existing web-based IPO bidding platform credentials
- New members must use admin terminal (Adminxxxxx format) to create branches and users
- Access through https://eipo.nseindia.com
Important Dates
- Issue Period: August 22, 2025 to September 8, 2025 (excluding September 5, 2025 due to Id-E-Milad)
- Bidding Time: 9:15 a.m. to 3:30 p.m.
- Custodial confirmation on closure day: 9:15 a.m. to 4:00 p.m.
Impact Assessment
Specific impact on Kolte-Patil Developers Limited shareholders with opportunity to tender shares at fixed price of Rs. 329/-. Multiple investor categories eligible including FII, Mutual Funds, Insurance Companies, Banks, and individual investors.
Impact Justification
Corporate takeover affecting specific stock with defined bidding process