Blackstone has plans to purchase a 40 percent stake in Indian real estate developer Kolte-Patil Developers in a deal worth $134 million, reported Reuters.
Kolte-Patil will allot a Blackstone entity 14.3 percent preferential shares in a deal worth 4.17 billion rupees, while its controlling shareholders will sell another 25.7 percent to the U.S. firm for about 7.5 billion rupees ($86.41 million).
