Blackstone plans mega $833 million exit from Embassy Office Park REIT : Daily Market Update Equity 20 Dec 2023

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 as per media sources. They (Blackstone) intend to sell their entire stake of 23.6% in the firm via the block deal route. The floor price is Rs 310 per share. Kotak Mahindra Capital and IIFL Capital are the advisors for this proposed big trade.