Blackstone Inc. is offering to sell a stake worth up to $1.25 billion in India’s Knowledge Realty Trust via an offer for sale next week. The transaction represents the firm’s largest such deal this year. Blackstone will sell up to 11.1 million units, equivalent to a 25.03% stake, with sales scheduled for Aug. 31 for non-retail investors and Sept. 1 for retail investors, according to a regulatory filing.

The move comes as Blackstone continues to manage its portfolio of global real estate assets. Knowledge Realty Trust is a prominent Indian real estate investment trust focused on commercial and logistics properties. The sale is expected to attract significant interest from institutional and retail investors alike.

Proceeds from the sale will likely be used to fund other investments or return capital to shareholders. This transaction underscores Blackstone’s active role in the Indian real estate market. The offer for sale mechanism allows for a structured and transparent divestment process.

Market analysts are monitoring the deal for its potential impact on REIT valuations in India.