Blackstone has secured CCI approval for a ₹1,167 crore investment in Kolte-Patil Developers through preferential allotment and secondary share purchase. This deal involves Blackstone acquiring a 40% stake, potentially rising to 66% after an open offer.
It set aside a consumer court order directing the Greater Mohali Area Development Authority to reimburse the interest paid by a homebuyer to a bank on home loan in addition…
The acquisition is part of a court-mediated corporate insolvency resolution process (CIRP) connected to takeover of a stalled project formerly promoted by Ariisto Realty.
