TaxTMI 
TaxTMI 
Competition Commission of India approves acquisition by the Knowledge Realty Trust of certain entities belonging to Blackstone Group and/or Sattva Group
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....ompetition Commission of India approves acquisition by the Knowledge Realty Trust of certain entities belonging to Blackstone Group and/or Sattva Group <br>Corp. Laws, SEBI & IBC<br>Dated:- 14-5-2025<br><BR>The Competition Commission of India has approved acquisition by the Knowledge Realty Trust of certain entities belonging to Blackstone Group and/or Sattva Group. The Proposed Combina....
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....tion comprises of direct and indirect acquisition by the Knowledge Realty Trust, acting through its manager, Knowledge Realty Office Management Services Private Limited (formerly known as Trinity Office Management Services Private Limited) (Acquirer REIT) of certain entities, some of which inter-alia belong to the Blackstone Group, some belonging to the Sattva Group and remaining held jo....
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....intly controlled by Blackstone and Sattva Group (Target Entities). In lieu of such acquisition, the existing shareholders of the Target Entities will be issued units of the Acquirer REIT. The Acquirer REIT has been set up as a contributory, determinate and irrevocable trust under the provisions of the Indian Trusts Act, 1882, pursuant to a trust deed dated 10 October 2024, for engaging in the bus....
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....iness of owning and/or operating a portfolio of rent or income generating real estate assets and related income generating assets, in accordance with the SEBI (Real Estate Investment Trusts) Regulations, 2014. The Acquirer REIT was registered with the SEBI on 18 October 2024 as a real estate investment trust under the REIT Regulations. The Target Entities are engaged in the commercial real estate....
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.... and renewable power sectors in India. Detailed order of the Commission will follow.<BR> News - Press release - PIB....