Global investment firm Blackstone has sold its entire 9.16 per cent stake in Mindspace Business Parks REIT for Rs 1,740 crore through an open market transaction.
The units were purchased by Platinum Illumination Trust in a bulk deal on stock exchanges.
Platinum Illumination A 2018 Trust purchased over 5.43 crore units at an average price of Rs 320, valuing the deal at Rs 1,740 crore.
Blackstone-entity BREP Asia SG Pearl Holding NQ Pte sold nearly 5.43 crore units of Mindspace Business Parks REIT worth Rs 1,737.32 crore.