InvestorQ : Did Blackstone sell stake in Embassy REITS as a block on Tuesday?
Khushi Patel made post

Did Blackstone sell stake in Embassy REITS as a block on Tuesday?

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Dhwani Mehta answered.
2 months ago
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Blackstone has just sold Embassy REIT units worth $325 million or approximately Rs2,650 crore in the open market on Tuesday via block deals. In all, it sold 7.7 crore units in the Embassy REIT via block deals at Rs345 per share. Some of the big buyers of the blocks were Abu Dhabi Investment Authority, ICICI Pru, HDFC Life and Kotak Realty Fund. After this sale, the stake of Blackstone in Embassy REITS has fallen from 32% to 24%.

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