Blackstone, others gear up to list REITs as India finalises rules - Reuters

Blackstone Group and its partner, Embassy Group, are laying the groundwork to cash in on their property holdings by setting up India's first real estate investment trust (REIT) and listing it on one of the country's stock exchanges, writes Reuters. Listing REITs gives companies like Blackstone, The Xander Group, an emerging markets investor backed by the Rothschild family, and private equity firm Red Fort Capital, which counts Abu Dhabi Investment Authority among its investors, an attractive option to exit some of their investments, writes Reuters.

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