Bengaluru, July 28 -- Knowledge Realty Trust (KRT), a real estate investment trust (Reit) sponsored by Bengaluru-based developer the Sattva Group and asset manager Blackstone, is set to go public on 5 August, said two persons close to the development.

The proposed Rs.4,800-crore initial public offering (IPO) secured approvalfrom the Securities and Exchange Board of India (Sebi) on Friday. The offer will be open from 5 to 8 August.

This will be Asia's second-largest Reit by size and India's largest by gross asset value (around Rs.62,000 crore) and net operating income, owning over 46 million square feet of office space across 29 assets in six cities, mainly Mumbai, Bengaluru, and Hyderabad.

"The price band will be announced on 30 July. ...