Blackstone Sponsor Group to sell 21.8% stake in real estate investment trust (REIT) via rs 4,455-crore block deals
Last year, Blackstone sold its entire 23.5 percent stake in Embassy Office Parks REIT for around Rs 7,100 crore, with major buyers including Capital Group and ICICI Prudential MF. The latest move to sell 21.8 percent of REIT units is part of Blackstone’s ongoing portfolio rebalancing in the Indian real estate market.