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Blackstone to sell $833M stake in India’s Embassy REIT, Reuters reports

Private investment banking firm Blackstone is selling its nearly 24% stake in Embassy Office Parks, India’s largest REIT or real estate investment trust, M. Sriram wrote for Reuters. Blackstone will sell its investment in the REIT, “at a 7.7% discount to 335.75 rupees per unit price as of Dec. 19,” noted Reuters.

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