Blackstone-backed Knowledge Realty Trust raises Rs 500 cr through issue of commercial papers

Knowledge Realty Trust (KRT) has raised Rs 500 crore through the issue of commercial papers on a private placement basis to meet its expansion plan.

According to a regulatory filing, the borrowing committee of Knowledge Realty Office Management Services Pvt Ltd, which is the manager to KRT, approved the allotment of 10,000 rupee-denominated commercial papers by KRT for an aggregate principal amount of Rs 500 crore only.

The commercial papers are valid for a term of 91 days from the date of allotment, which is May 12, 2026, at a discount.


The commercial papers are proposed to be listed on the wholesale debt market segment of BSE Limited.

Knowledge Realty Trust, co-sponsored by Bengaluru-based Sattva Group and Blackstone, is India's largest REIT (real estate investment trust). Its portfolio comprises 29 premium office assets totalling 46.4 million square feet as of December 31, 2025.