Blackstone Seeks to Sell Stake in Indian Real Estate Fund
Blackstone (BX:NYSE) plans to sell up to 11.1 million units of its stake in India-based Knowledge Realty Trust, according to a Bloomberg report citing an internal term sheet. The offering is expected to price at no less than 108 rupees per unit and could be announced as early as the coming week. The transaction would represent a partial exit from Blackstone’s investment in the Indian real estate sector through Knowledge Realty Trust, which focuses on commercial properties across India's major cities. The move aligns with broader trends of private equity firms monetizing stakes amid shifting market conditions and capital-raising needs.
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