Economy · India
Blackstone to Sell Stake in India's Knowledge Realty Trust
Blackstone intends to sell up to 25.03% of its stake in Knowledge Realty Trust, valued at approximately Rs 11,988 crore or $1.25 billion. The sale, structured as an Offer for Sale (OFS), aims to comply with regulatory requirements for public unitholding. The transaction includes a base offer and an option for oversubscription, and will take place over two trading days on the BSE and NSE. The base offer represents a 16.69% stake, with an additional 8.34% available if oversubscribed.
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- Centre (3): Mint, The Economic Times, The Hindu BusinessLine
- International (1): Bloomberg