March 6 (Reuters) - A joint venture between Blackstone

Inc ( BX ) and India's Sattva Group filed a draft prospectus on

Thursday for the country's largest real estate investment trust

(REIT) initial public offering, aiming to raise up to 62 billion

rupees ($712.55 million).

The joint venture, Knowledge Realty Trust, is 55% owned by

Blackstone, while Sattva holds a 45% stake, according to the

draft prospectus.

India's Sattva Group is a real estate conglomerate

headquartered in the south Indian city of Bengaluru and has

operations across seven cities in the country, according to its

website.

Bank of America, Morgan Stanley amongst others were the

bookrunners for the listing.

In December 2023, Blackstone exited its investment of about

$833 million in India's first publicly listed REIT Embassy

Office Parks.

($1 = 87.0110 Indian rupees)