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2 clusters · 3 sources · 22 days · First seen · Last updated

Blackstone real estate divestment in India

Overview

Blackstone Inc. sold up to $1.3 billion in shares of Knowledge Realty Trust, an Indian real estate investment trust managing 29 properties across six cities. The transaction involved institutional and retail investors and was completed at a 7% discount to the previous trading price. Following the sale, Sattva Group is expected to become the largest shareholder with a 32% stake, while Blackstone retains a 5% stake to assist in the trust’s direction. The move was intended to allow Blackstone to recycle capital for new investment opportunities.

Entities

Blackstone Inc. · Holdings L. P. Blackstone · Blackstone Mortgage Trust · Sattva Group · Knowledge Realty Trust

Timeline

  1. [BUSINESS] 2 sources
    Blackstone entities announce dividend and major share sale

    Blackstone Mortgage Trust declared a $0.47 per share Q3 2026 dividend, while major shareholder Holdings L. P. Blackstone sold 124,600 shares of Blackstone Inc. stock.

  2. [BUSINESS] 2 sources
    Blackstone sells up to $1.3 billion in India real estate trust shares

    Blackstone Inc. sold up to $1.3 billion in shares of India-based Knowledge Realty Trust to reallocate capital into new ventures.

Sources

it-boltwise.de · kommunekontakt.dk · stocknews.com