Blackstone is selling 55.9 million units in Embassy Office Parks REIT with a range of 340 rupees to 350 rupees apiece via Block, according to terms seen by Bloomberg. Marketed range represents a discount of 3.7% to 6.5% to Tuesday's closing price of INR363.55: terms Proceeds for Blackstone could come to as much as $257m: terms Will reduce its stake to 48.1% of the total REIT units outstanding Morgan Stanley and BofA Securities are the brokers: terms
EMBASSY OFFICE 55.9M UNITS OFFERED AT INR340-INR 350 EACH
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