Blackstone said to plan yield of up to 7% for India's first REIT IPO

Blackstone said to plan yield of up to 7% for India's first REIT IPO

A cyclist rides across a clearing near residential buildings at an Amrapali Group development in Noida, Uttar Pradesh, India, on Saturday, Jan. 20. 2018. Photographer: Anindito Mukherjee/Bloomberg

Blackstone Group LP and its Indian partner set a tentative yield for their initial public offering (IPO) of the country’s first real estate investment trust, which could raise about 52.5 billion rupees ($720 million), people with knowledge of the matter said.

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