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Blackstone Exclusive: Exiting India’s Most Known Real Estate Investment Trust

Blackstone are planning to exit from India’s Embassy Office Parks REIT in a significant block deal worth $833 million.

Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. Photo: File Photo
Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. Photo: File Photo

This move comes as booming equity markets in the country provide an opportunity for early stage investors to sell their stakes.

As part of the deal, special purpose vehicles sponsored by Blackstone have offered to sell up to 223.6 million units, representing a 23.6% stake in the company.

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