KRT's Monumental REIT IPO Approval

In a significant development, Knowledge Realty Trust (KRT), backed by the Sattva Group and Blackstone, has received the green light from Sebi to proceed with its REIT public offering, aiming to raise an impressive Rs 4,800 crore.

Strategic Moves Ahead of the IPO

Prior to this landmark public issue, KRT successfully garnered Rs 1,400 crore from investors last month. This strategic move is part of KRT's broader plan to monetize its portfolio of 30 prime office assets spread across major cities in India.

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