English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesBlackstone plans mega $833 million exit from Embassy Office Parks REIT

    Blackstone plans mega $833 million exit from Embassy Office Parks REIT

    "The floor price is Rs 310 per share. Kotak Mahindra Capital and IIFL Capital are the advisors for this proposed big trade," a source privy to the development said.

    Ashwin Mohan
    December 20, 2023 / 07:12 IST
    There are four REITs listed with stock exchanges in the country currently.
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Blackstone plans to exit Embassy Office Parks REIT, India's first publicly traded real estate investment trust, through a mega block deal of $833 million, multiple industry executives familiar with the development told Moneycontrol.

      "They (Blackstone) intend to sell their entire stake of 23.6 percent in the firm via the block deal route," one of the people said.

      "The floor price is Rs 310 per share. Kotak Mahindra Capital and IIFL Capital are the advisors for this proposed big trade," a second person said.

      Both the persons spoke to Moneycontrol on the condition of anonymity.

      Blackstone, Kotak Mahindra Capital and IIFL Capital couldn't be reached for an immediate comment.

      Also Read: Embassy Office Parks REIT net operating revenue grows 4% YoY to Rs 889 crore in Q2

      (This is a breaking news story and will be updated shortly)

      Ashwin Mohan
      Ashwin Mohan is Editor (Deals) at Moneycontrol and leads the M&A, private equity and equity capital market transactions coverage. He anchors the video show 'Deal Central ' and tweets at @ashwinmohansays. He has previously worked with ET NOW, CNBC TV-18 and The Times of India.
      first published: Dec 19, 2023 05:33 pm

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347