Blackstone Sells Up to $1.3 Billion Stake in India REIT

Corporate Action
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Summary · why it matters

Blackstone Inc. has offered to sell up to 25% of India's Knowledge Realty Trust, a real estate investment trust it backs with local partner Sattva Group, in a deal that could raise as much as $1.3 billion. The floor price of 108 rupees per unit represented a 4.7% discount to the prior close and a 13% discount to net asset value. The offering, which ran for institutional investors on August 31 and retail investors on September 1, was fully subscribed and upsized, making it the largest share sale by a private shareholder in India via this method. If the oversubscription option is fully exercised, Blackstone's stake will fall to about 21.5% from 46.5%, making Sattva Group the trust's largest shareholder at 32%. Knowledge Realty Trust owns 29 properties across six Indian cities and has gained roughly 10% since its August 2025 listing.

Impact on stocks 4

Artificial Intelligence▲ · 3 stocks
Blackstone Group Inc
BX
▲ PositiveCapitalrelevance

Blackstone sells up to 25% of Knowledge Realty Trust for up to $1.3 billion, a major monetization of its stake.

Consumer Discretionary▲ · 1 stocks

Off-coverage companies 2

Sattva GroupPrivate▲ Positive
Capitalrelevance

Sattva Group becomes the trust's largest shareholder at 32% after Blackstone's stake sale.

Knowledge Realty TrustPrivate± Mixed
Capitalrelevance

Knowledge Realty Trust sees a large discounted unit sale by Blackstone, fully subscribed and upsized, but at a 13% discount to NAV.

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