--Blackstone will sell its stake in India's Embassy Office Parks real estate investment trust, Reuters reports Tuesday, citing "a term sheet seen by Reuters and a person with direct knowledge."

--The stake is valued at $833 million, according to the report.

--A spokesperson for Blackstone didn't immediately respond to emails sent by Reuters, nor did Embassy, the report said.

Full story at: https://www.reuters.com/markets/deals/blackstone-sell-833-mln-stake-embassy-reit-document-2023-12-19/

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

December 19, 2023 13:11 ET (18:11 GMT)

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