Khaitan & Co advised JM Financial and its clients in relation to an investment of ~₹700 crore in Knowledge Realty Trust (a Blackstone backed REIT) as part of a pre-IPO fund-raising round of ₹1,400 crore.
The Firm assisted JM Financial and its clients on the negotiation and finalization of the transaction documents for the investment.
The transaction team consisted of Vineet Shingal (Partner), Soumil Garg (Partner), Anushka Garg (Senior Associate) and Nimisha Nagpal (Associate).
The funding round, which raised a total of ₹1,400 crore, comes ahead of KRT’s proposed ₹6,200 crore IPO expected in July–August 2025. The pre-IPO round saw strong interest from high-net-worth individuals and family offices, signalling growing investor confidence in the Indian REIT space.
KRT has a portfolio of 30 Grade-A office properties spanning 48.1 million square feet across key cities including Bengaluru, Mumbai, Chennai, Hyderabad, Gurugram, and GIFT City.
Established in Mumbai, Maharashtra, Knowledge Realty Trust is an emerging player in the Indian REIT sector.
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