The Competition Commission of India (“CCI”), vide Press Release No. 17/2025-2026, dated May 13, 2025, approved the proposed direct and indirect acquisition by Knowledge Realty Trust, acting through its manager Knowledge Realty Office Management Services Private Limited (formerly known as Trinity Office Management Services Private Limited) (“Acquirer REIT”), of certain entities (“Target Entities”), which inter-alia belong to the Blackstone Group, the Sattva Group, or are jointly controlled by both.
Entities involved in the proposed acquisition:
- The Acquirer REIT is a contributory, determinate, and irrevocable trust set up under the Indian Trusts Act, 1882, pursuant to a trust deed dated October 10, 2024, for the purpose of owning and/ or operating a portfolio of rent or income-generating real estate and related assets. The Acquirer REIT is registered with the Securities and Exchange Board of India (SEBI) as a Real Estate Investment Trust (REIT) under the SEBI (REIT) Regulations, 2014, with effect from October 18, 2024.
- The Target Entities are such entities engaged in the commercial real estate and renewable power sectors in India.