Blackstone Acquires 40% Stake in Kolte-Patil Developers

In a landmark deal, Blackstone has acquired a 40% stake in Kolte-Patil Developers, a leading real estate developer in India. The global investment firm has also launched an open offer to acquire an additional 26% stake, potentially raising its ownership to 66%. This move is expected to bring fresh capital, enhanced governance, and strategic expansion to Kolte-Patil while strengthening Blackstone’s presence in India’s booming residential real estate market.

CapitaLand Investment Plans Global Expansion and M&A Strategy for Growth

CapitaLand Investment (CLI) is accelerating its global expansion, targeting a significant increase in funds under management (FUM) and operating earnings by 2028. The company’s strategy includes geographical diversification, mergers and acquisitions, and investments in sectors driven by demographic shifts, disruption, and digitalization.