KRT files DRHP for Rs 62 billion IPO

Knowledge Realty Trust (KRT), sponsored by Sattva Group and Blackstone, has filed a draft red herring prospectus (DRHP) with the regulator to launch an initial public offering (IPO) to raise over Rs 62 billion. With this, it aims to monetise 30 office assets across major cities. KRT is set to become the largest REIT in India in terms of net operating income (NOI) and gross asset value, estimated around Rs 600 billion.