💨 Abstract

US investment firm Blackstone is buying a 40% stake in Indian real estate developer Kolte-Patil Developers for 11.67 billion rupees ($134 million). The deal will be funded by the allotment of 14.3% preferential shares worth 4.17 billion rupees and additional shares worth 7.5 billion rupees from Kolte-Patil's controlling shareholders.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖