Blackstone, K Raheja Pick More Banks For Indian REIT IPO (Bloomberg)

Blackstone Group and Indian developer K Raheja Group have selected more banks for an initial public offering of their joint commercial property portfolio, according to people familiar with the matter

Citigroup Inc., Kotak Mahindra Capital Co. and Axis Capital Ltd. were picked to join Morgan Stanley to arrange the listing of the assets as real estate investment trust in Mumbai, said the people, who asked not to be identified as the discussions are private.

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