Knowledge Realty Trust’s ₹4800-cr REIT issue to open on Aug 5
Blackstone and Sattva group sponsored real estate investment trust Knowledge Realty’s ₹4,800-crore IPO has been greenlighted by Securities and Exchange Board of India Trust and is set to open on August 5. It will be the second largest REIT in Asia and India’s largest based on its gross asset value of ₹62,000 crore, according to the prospectus filed with the regulator. Pre-IPO placement In June, the REIT had raised ₹1,400 crore in a pre-IPO placement and investment banking sources said...