CCI clears Knowledge Realty's acquisition of Blackstone, Sattva entities

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CCI clears Knowledge Realty's acquisition of Blackstone, Sattva entities - Business Standard

Quick Summary:

"The proposed combination comprises of direct and indirect acquisition by the Knowledge Realty Trust, acting through its manager, Knowledge Realty Office Management Services, formerly known as Trinity Office Management Services (acquirer REIT), of certain entities, some of which inter-alia belong to the Blackstone Group, some belonging to the Sattva Group and remaining held jointly controlled by Blackstone and Sattva Group," the regulator said in a release.

The Competition Commission of India on Tuesday approved IPO-bound Knowledge Realty Trust's acquisition of several entities affiliated with private equity major Blackstone and Bengaluru-based Sattva Group.

Knowledge Realty Trust (KRT) is sponsored by real estate company Sattva Group and Blackstone.