Blackstone-backed Knowledge Realty Trust plans Rs 4,800 crore IPO

Knowledge Realty Trust, supported by Blackstone and Sattva Developers, is planning a 48 billion rupee IPO in July, potentially one of India's largest REIT listings. The trust already raised 14 billion rupees in a pre-IPO allotment. The IPO proceeds will be used to repay debt and for general corporate purposes, further boosting India's commercial real estate sector.