Reported 2 days ago
India's Knowledge Realty Trust has applied for an initial public offering aiming to raise 62 billion rupees ($711 million), potentially marking the country's largest real estate investment trust listing. Backed by Blackstone Inc. and Sattva Developers Pvt., the REIT operates in major cities like Bengaluru and Mumbai. The funds raised will primarily be used for debt repayment, as REITs gain traction in India's growing equity market.
Source: YAHOO