Announced
Completed
Financials
Sources
Tags
Minority
Private Equity
Public
Domestic
Acquisition
Commercial REITs
real estate investment trust
India
Single Bidder
Friendly
Completed
Synopsis
Kotak Realty Fund, one of India's largest private equity real estate funds, completed the acquisition of an 8% stake in Embassy REIT, a REIT company, from Blackstone, an American alternative investment management company, for $200m. With this, Kotak Investment Advisors had achieved closure of its 12th real estate fund and has raised, managed or advised more than $2.8bn under its real estate fund series.
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