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The Times of India

Business

PTI

Blackstone sells 7.7 crore shares of Embassy REIT for $325 million to monetise investments

Blackstone Embassy Embassy REIT REIT Embassy Office Parks REIT India Mindspace REIT New Delhi

NEW DELHI: Global fund Blackstone on Tuesday raised around $325 million (about Rs 2,650 crore) by selling its shares in Embassy Office Parks REIT to monetise part of its investment, according to sources.

Embassy Office Parks REIT is the country's first Real Estate Investment Trust (REIT), which was launched last year by realty firm Embassy group and global investment firm Blackstone to raise nearly Rs 5,000 crore. The REIT is listed on the stock exchange.

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The Times of India

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

FL Declares Emergency in 25 Counties as Gulf Depression Could Become Season's First Hurricane, Residents Warned

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