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The Economic Times

Kumar Gaurav

Blackstone to sell up to 25% stake worth Rs 11,988 crore in Knowledge Realty Trust

Knowledge Realty Trust Trust Blackstone NSE BSE

World's largest alternative asset manager Blackstone is set to sell up to 25.03% stake in Knowledge Realty Trust through an offer for sale (OFS), with the maximum stake on offer valued at Rs 11,988 crore at the floor price of Rs 108 per unit, according to an exchange filing submitted by the trust on Friday, August 28.

The offer is being undertaken to achieve the minimum public unitholding of the Trust prescribed under Regulation 14(2A) of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, as amended, according to the filing.

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