Blackstone's ₹12,000 Crore REIT Exit and the Real Estate Sector's New Math

₹12,000 crore — That's the total value of units Blackstone-linked entities are offloading from Knowledge Realty Trust, India's largest real estate investment trust, via an offer for sale (OFS) at a floor price of ₹108 per unit.

Money Moves

• Knowledge Realty Trust OFS — Blackstone is selling up to 25.03% of the trust's total unit capital through a base issue of ₹7,992 crore plus a greenshoe option of ₹3,996 crore, signaling a major institutional exit from...