Blackstone to Sell Up To $1.25 Billion Stake in Knowledge Realty Trust
· Business · Bloomberg, Economic Times
Blackstone Inc. plans to sell a stake worth up to $1.25 billion in India's Knowledge Realty Trust through an offer for sale. The transaction, scheduled for next week, marks Blackstone's largest divestment of its kind this year. The report does not specify the precise timing of the share allocation or the list of participating institutional buyers.
Why it matters
This transaction represents Blackstone's largest divestment in India this year, impacting institutional investors and market liquidity in the commercial real estate sector.
Read the original report — Bloomberg
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