India, March 17 -- Kolte-Patil Developers Limited (KPDL), a leading real estate developer in Pune with a growing presence in Mumbai and Bengaluru, has announced a strategic partnership with global investment giant Blackstone. This collaboration marks a significant milestone in KPDL's expansion strategy, leveraging Blackstone's global expertise and financial strength to accelerate growth, drive innovation, and strengthen its leadership in India's dynamic real estate market.
As part of the agreement, Blackstone will acquire up to a 66% stake in KPDL for approximately ?1,800 crore. The transaction includes KPDL allotting around 1.27 crore equity shares (14.3%) to Blackstone Real Estate funds, raising ?417.03 crore. Additionally, Blackstone wi...