India is emerging as a key market for equity sales and REITs are gaining popularity due to their potential to generate attractive returns.
India’s Knowledge Realty Trust has sought approval for an initial public offering of 62 billion rupees ($948.5 million), in what could be the nation’s largest real estate investment trust listing.
The REIT, backed by Blackstone and Sattva Developers, has offices in key Indian cities including Bengaluru, Mumbai, Hyderabad and Chennai. The proceeds from the sale would be used mostly for repayment of debt.
