 "blackstone, embassy office parks REIT")
Blackstone on Wednesday raised around $300 million (about Rs 2,270 crore) by selling its units in Embassy Office Parks REIT to monetise part of its investment, said sources in the know. The global fund manager was targeting to raise up to $257 million (around Rs 1,950 crore), but increased the size of its offer on account of increased demand from institutional investors, sources said.
Sources said the demand was to the tune of $500 million (nearly Rs 3,800 crore) from both current REIT holders and new institutional investors. Foreign institutional investors such as American Balanced Fund, Nomura India Investment Fund,
