Tag: Knowledge Realty Trust

Industry

Blackstone’s Knowledge Realty Trust raises ₹1,400 crore in India’s maiden REIT pre-IPO round

Blackstone Group-backed Real Estate Investment Trust (REIT) Knowledge Realty Trust (KRT) has raised over Rs 1,400 crore through a pre-initial public offering (IPO) placement, said persons familiar with the development With this, the REIT has become the first-ever REIT in India to conclude such a pre-IPO fundraising exercise. The round was fully subscribed by domestic high-net-worth individuals (HNIs) and family offices, signalling robust investor confidence ahead of the REITs proposed public issue. JM Financial, Radhakishan Damani, and 360 One Wealth Management are among key investors of this pre-IPO funding round. KRT, a joint entity of Blackstone and Sattva Developers, filed…

Commercial

Knowledge Realty Trust gets CCI nod to acquire entities of Blackstone, Sattva Group

NEW DELHI: The Competition Commission of India on Tuesday approved IPO-bound Knowledge Realty Trust’s acquisition of several entities affiliated with private equity major Blackstone and Bengaluru-based Sattva Group. Knowledge Realty Trust (KRT) is sponsored by real estate company Sattva Group and Blackstone. “The proposed combination comprises of direct and indirect acquisition by the Knowledge Realty Trust, acting through its manager, Knowledge Realty Office Management Services, formerly known as Trinity Office Management Services (acquirer REIT), of certain entities, some of which inter-alia belong to the Blackstone Group, some belonging to the Sattva Group and remaining held jointly controlled by Blackstone and…