Blackstone is set to sell a stake of up to about $1.25 billion in India’s Knowledge Realty Trust through an offer for sale next week. NDTV reports a floor price of ₹108 for the shares, valuing the planned transaction at roughly $1.26 billion.
The stake is described as being backed by Blackstone and India’s Sattva Group. Bloomberg characterizes the move as Blackstone’s largest such stake sale this year and frames the sale as part of the firm’s ongoing portfolio management in India. Different outlets emphasize different deal mechanics—NDTV highlights the specific ₹108 floor price, while Bloomberg focuses on the size of the offer and its standing as Blackstone’s biggest stake sale for the year. The core details across reports remain the same: the transaction involves an offer for sale of a substantial stake in Knowledge Realty Trust, scheduled for next week.
