
Blackstone Plans $1.25 Billion Sale of Stake in Indian Real Estate Trust
Private equity firm Blackstone is preparing to divest up to $1.25 billion worth of shares in Knowledge Realty Trust, a major Indian real estate investment vehicle. The transaction reflects Blackstone’s strategic portfolio rebalancing amid shifting investment priorities in South Asian property markets.
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Blackstone to Sell Up To $1.25 Billion Stake in Knowledge Realty Trust
Blackstone Inc. is offering to sell stake worth as much as $1.25 billion in India’s Knowledge Realty Trust next week via an offer for sale in its largest such transaction this year.
By Ranjani Raghavan and Ashutosh Joshi
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