Blackstone exits Embassy REIT; sells entire 23.5% stake for Rs. 7,100-Cr
Global investment firm Blackstone has sold its entire 23.5 % stake (22.36 crore units) in Embassy Office Parks REITat around INR 316 per share through open market transactions, aggregating to about INR 7,100 crore. Embassy Office Parks REIT is India's first Real Estate Investment Trust (REIT), sponsored by Blackstone and Bengaluru-based realty firm Embassy Group.
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