<ul><li>Competition Commission of India approved Blackstone's acquisition of Pune-based realtor Kolte-Patil Developers Ltd.</li><li>Blackstone entity to acquire 26% stake for Rs 759 crore after acquiring 14.3% stake earlier through a preferential allotment route.</li><li>The acquisition allows Blackstone to expand into the residential rental business in India.</li><li>Kolte-Patil's strong presence in Pune, Mumbai, and Bengaluru will help in transitioning to student and rental housing for the IT workforce.</li></ul>

CCI Approves Blackstone's Acquisition Of Pune Realtor Kolte-Patil Developers

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