Kolte-Patil Partners with Blackstone to Drive Residential Growth

17 Mar 2025 CW Team

Kolte-Patil Developers (KPDL) has entered a strategic partnership with global investment firm Blackstone to accelerate growth in India鈥檚 residential real estate sector. The deal includes Blackstone acquiring up to 66 per cent of KPDL鈥檚 stake for Rs 18 billion (bn).

As part of the agreement:

KPDL will allot 1.27 crore equity shares (14.3 per cent) to Blackstone Real Estate funds, raising Rs 4.17 bn.
Blackstone will acquire 25.7 per cent of KPDL鈥檚 post-issue equity from promoters, bringing its stake to 40 per cent.
An additional 26 per cent stake will be acquired through an open offer to the public.

Rajesh Patil, Chairman, KPDL, called the partnership a 鈥渄efining moment鈥� for the company鈥檚 growth, enabling it to scale operations and unlock value. Asheesh Mohta, Head of Real Estate Acquisitions 鈥� India, Blackstone, emphasised the firm鈥檚 strategic entry into India鈥檚 residential sector, citing strong demand and urbanisation trends.

With Blackstone鈥檚 global expertise and KPDL鈥檚 execution strength, the partnership aims to enhance scalability and expand their presence in India鈥檚 residential market.

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..