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Blackstone and Sattva Reit file for ₹7,000-cr IPO
March 07, 2025
|Hindustan Times Lucknow
Bengaluru developer Sattva Group and asset manager Blackstone Group filed draft papers for an initial public offering (IPO) of a real estate investment trust (Reit), with market regulator Securities and Exchange Board of India (Sebi).
BENGALURU:
The Reit, Knowledge Realty Trust, has a portfolio of 30 Grade A office assets across 48 million sq. ft., mostly concentrated in Bengaluru, Hyderabad and Mumbai. It will be majority owned by Blackstone at 55% while Sattva Group will hold the rest, the company said in its offer document.
The Reit aims to raise over ₹7,000 crore, said a person familiar with the companies' plans. Blackstone has been a sponsor to three of the four listed Reits in India.
هذه القصة من طبعة March 07, 2025 من Hindustan Times Lucknow.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Hindustan Times Lucknow
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