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Blackstone Affiliates Plan Sale of 25% Stake in Knowledge Realty Trust

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Blackstone (BX) affiliates are looking to sell an approximately 25% stake in India-based Knowledge Realty Trust, according to a filing with the Bombay Stock Exchange.

The stake proposed for sale represents 1.11 billion units.

The four affiliates will initially offer 740 million units, or 16.69% of the trust's unit capital, with an option to sell an additional 370 million units. The floor price has been set at 108 Indian rupees ($1.13) per unit.

The offer will open Monday for non-retail investors and Tuesday for retail investors and for non-retail investors who choose to carry forward their unallotted bids.

Price: $144.71, Change: $+1.07, Percent Change: +0.74%

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