Business Standard

Tuesday, January 21, 2025 | 05:08 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Blackstone exits Mindspace Business Parks REIT; sells stake for Rs 1,740 cr

The REIT owns quality office portfolios located in four key office markets of India, namely Mumbai Region, Pune, Hyderabad, and Chennai

Photo: Bloomberg
Premium

Photo: Bloomberg

Press Trust of India New Delhi
Global investment firm Blackstone has sold its entire 9.16 per cent stake in Mindspace Business Parks REIT for Rs 1,740 crore through an open market transaction.

The units were purchased by Platinum Illumination Trust in a bulk deal on stock exchanges.

As per BSE's bulk deal data, Platinum Illumination A 2018 Trust purchased over 5.43 crore units at an average price of Rs 320, valuing the deal at Rs 1,740 crore.

Blackstone-entity BREP Asia SG Pearl Holding NQ Pte Ltd sold nearly 5.43 crore units of Mindspace Business Parks REIT worth Rs 1,737.32 crore.

On BSE, Mindspace Business Parks REIT (real estate investment trusts)

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in