Blackstone recently made headlines with discussions to acquire a 26% stake in Kolte-Patil Developers Ltd., a move that coincides with a 6% increase in its share price over the past week.

Kolte-Patil will allot a Blackstone entity 14.3% preferential shares in a deal worth 4.17 billion rupees, while its controlling shareholders will sell another 25.7% to the U.S. firm for about 7.5 ...