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Blackstone offloads 23.6% for Rs 7065 crore

real estate investment trust (REIT) | Investment giant Blackstone exits Embassy Office Parks REIT for Rs 7,100 crore

REIT is India’s first Real Estate Investment Trust sponsored by Blackstone and the Embassy group

Blackstone exits Embassy REIT; sells 23.5% stake for Rs 7,100 crore

Embassy REIT CEO Aravind Maiya said the entity’s public shareholding continues to go up and has increased from 30 per cent at IPO to 92 per cent now.

Blackstone sells its entire stake in Embassy REIT for ₹7,100 crore

Embassy Office Parks REIT is India s first Real Estate Investment Trust (REIT) sponsored by Blackstone and Bengaluru-based realty firm Embassy group.

Blackstone sells entire 23.5% stake in Embassy REIT for Rs 7,100 crore

Global investment firm Blackstone on Wednesday sold its entire 23.5 per cent stake in Embassy Office Parks REIT for around Rs 7,100 crore, according to sources. Embassy Office Parks REIT is India s first Real Estate Investment Trust (REIT) sponsored by Blackstone and Bengaluru-based realty firm Embassy group. Blackstone sold its stake in the entity at around Rs 316 per share through open market transactions and at this price, the deal is valued at about Rs 7,100 crore, the sources said.