India's competition regulator has approved the acquisition by Knowledge Realty Trust of certain entities belonging to Blackstone Group and/or Sattva Group. Knowledge Realty Trust is a joint venture between Blackstone Inc. and India's Sattva Group.
This regulatory clearance is a significant step forward for the joint venture, which recently filed a draft prospectus for India's largest real estate investment trust (REIT) initial public offering. The approval removes a key hurdle for the planned IPO, which aims to raise up to $712.55 million.
The approval underscores the progress of Blackstone's strategic real estate investments in India. It facilitates the consolidation of assets under Knowledge Realty Trust, positioning it for further growth in the Indian commercial property market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.