Blackstone sells 8% stake in Embassy REIT through block deals for $326 million

Of this, Kotak Realty Fund has bought units worth $200 million or Rs 1,600 crore through its 12th real estate fund that has recently raised over $590 million and counts sovereign wealth fund Abu Dhabi Investment Authority (ADIA) as a key partner. ICICI Prudential, HDFC Life Insurance, Kotak Mutual Fund and other investors bought units worth $125 million through these deals that took place in early hours of the trading session on Tuesday.