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,…