Knowledge Realty Trust's Major REIT IPO: A Game-Changer in India's Real Estate

Knowledge Realty Trust, backed by Sattva Group and Blackstone, secures Rs 1,620 crore from anchor investors for its REIT IPO. The company plans a Rs 4,800 crore offering to capitalize on 30 premium office assets in India. The IPO, opening August 5-7, aims to grow KRT's robust real estate portfolio.

Knowledge Realty Trust, sponsored by realty giants Sattva Group and Blackstone, has raised Rs 1,620 crore from anchor investors ahead of its much-anticipated REIT public issue.

The REIT's initial public offering, which has captivated industry watchers, is slated for an August 5-7 window and seeks to generate Rs 4,800 crore by offering units priced between Rs 95 and Rs 100.

This financial strategy comes on the back of a strategic allocation worth Rs 1,200 crore from institutional investors, positioning KRT as India's largest REIT by gross asset value.

(With inputs from agencies.)