Home / Business and Economy / Blackstone Sells Stake in Knowledge Realty Trust
Blackstone Sells Stake in Knowledge Realty Trust
29 Aug
Summary
- Blackstone plans to sell up to 25.03% of Knowledge Realty Trust.
- The offer includes a base stake and an oversubscription option.
- The floor price is set at 108 rupees per unit for the sale.
Blackstone has initiated the process to sell a significant stake, up to 25.03%, in the Indian real estate investment trust, Knowledge Realty Trust. This strategic move involves a base offer of 16.69% with an oversubscription option for an additional 8.34%.
The floor price for this offering has been set at 108 rupees per unit. This pricing values the potential total stake sale at approximately 119.88 billion rupees, equivalent to $1.26 billion.
Knowledge Realty Trust, a venture supported by Blackstone and the Indian firm Sattva Group, possesses a substantial portfolio. It comprises 29 assets distributed across six different cities, boasting a gross asset value of 674 billion rupees. The REIT, which began trading on exchanges in August 2025, has seen a modest appreciation of around 10% in its value since its debut.
