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Blackstone exits Embassy REIT; sells entire 23.5% stake for Rs 7,100 crore

Dated on: Thursday 21st December 2023

Blackstone has reportedly divested its entire 23.5% stake in Embassy Office Parks REIT, garnering around Rs 7,100 crore in a block deal on stock exchanges. The units were sold at approximately Rs 316 per share, with SBI Mutual Fund emerging as a new investor alongside existing unitholders.