Blackstone-Backed Knowledge Realty Trust Plans $558 Million IPO
The REIT — backed by Blackstone Inc. and Sattva Developers Pvt. — raised 14 billion rupees in a pre-IPO allotment to domestic high-networth individuals and family offices earlier this month, one of the persons said, asking not to be identified as the discussions are private. Talks on the share-sale timing are still ongoing and no final decision has been taken yet, the people said.
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