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", and together with PAC 1, "PACs"), have announced an open offer for acquisition of up to 2,30,56,825 fully paid-up equity shares of Kolte-Patil Developers Limited at a price of ₹329 per equity share.
The open offer is for the acquisition of equity shares from the Public Shareholders of the Target Company, representing 26% of the Emerging Voting Capital. The offer price of ₹329 per equity share aggregates to a total consideration of up to ₹758.57 Crores, payable in cash, assuming full acceptance.
The Pre-Offer Advertisement-cum-Corrigendum dated August 20, 2025, related to this open offer, has been published in several newspapers on August 21, 2025, including Financial Express (English National Daily), Jansatta (Hindi National Daily), Navshakti (Marathi Regional Daily - Mumbai edition), and Loksatta (Marathi Regional Daily - Pune Edition).
JM Financial Limited is managing the open offer.
Capitalized terms used in this letter unless defined herein shall have the same meanings as ascribed to them in the enclosed LOF.
We request you to kindly disseminate the Pre-Offer Advertisement-cum-Corrigendum on your website.
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