Tag: Blackstone

IndustryLatest Stories

Knowledge Realty Trust REIT IPO Soars 3.4x by Day 2

NEW DELHI: The initial public offering (IPO) of National Securities Depository Ltd (NSDL) achieved a subscription rate of 3.42 times on the second day of bidding, which occurred on Wednesday. The ₹4,800-crore REIT IPO received bids for 71,19,79,950 units against the 20,84,20,800 units available, reflecting a subscription rate of 3.42 times, based on data from the NSE. The segment allocated for other investor categories, including corporate and individual investors/NRI and HUF, was subscribed 5.88 times, while the institutional investors’ portion saw a subscription rate of 1.36 times. Knowledge Realty Trust announced on Monday that it has secured ₹1,620 crore from…

IndustryLatest Stories

Knowledge Realty Trust secures Sebi approval for ₹4,800-crore REIT

NEW DELHI: Knowledge Realty Trust, backed by the Sattva Group and Blackstone, has received approval from SEBI to initiate a public offering for its REIT, aiming to raise ₹4,800 crore. Last month, Knowledge Realty Trust (KRT) successfully gathered ₹1,400 crore from investors as part of the preparations for its first REIT public offering. In early March, KRT filed a draft red herring prospectus (DRHP) with SEBI to launch an initial public offering (IPO) and list the REIT on stock exchanges. This initiative is designed to monetize its portfolio of 30 premium office assets located in major cities. According to sources,…

Housing FinanceLatest Stories

ADQ’s Sheikh Tahnoon Eyes $200M Stake in Aadhar Housing

MUMBAI: An investment entity supported by Abu Dhabi’s sovereign wealth fund, ADQ, and partly owned by Sheikh Tahnoon bin Zayed al-Nahyan, is reportedly in advanced talks to acquire a minority share in Aadhar Housing Finance, which is backed by Blackstone. Sheikh Tahnoon also serves as the national security adviser of the UAE and chairs ADQ. The proposed investment ranges from $200 million to $225 million (approximately Rs 1,750-2,000 crore) for a 10-12% equity stake in the affordable housing finance firm, which launched an IPO in 2024. A formal announcement is anticipated soon. This follows a larger commitment by Blackstone, amounting…

IndustryLatest Stories

Kolte-Patil Developers Reports ₹616 Crore Q1 FY26 Sales

NEW DELHI: Kolte-Patil Developers (KPDL) announced sales of ₹616 crore for Q1 FY26, driven by consistent performance in major projects and a slight growth in volumes. The company reported sales of 0.84 million sq ft in Q1 FY26, reflecting a 5% increase compared to the previous quarter. Customer collections totaled ₹550 crore this quarter, aligning with the scheduled payments. The average realization remained steady at ₹7,337 per sq ft, similar to last year’s performance. Atul Bohra, the group’s CEO, stated, “With strong launch plans ahead in Pune and Mumbai, we anticipate further growth. Our partnership with Blackstone enhances our strategic…