SEBI
Real Estate Investment Trusts (REITs) are expected to raise a whopping $10 billion this fiscal itself after it was launched in the maiden budget presented on July 10. They are expected to provide relief to the real estate industry which has been reeling under the liquidity crunch for the last few years. REITs would get [...] Continue Reading »
SEBI made it mandatory to the listed companies in the country that they must have at least one woman on their board by September 30, 2014. This move is in line with the Companies Bill 2012. However when the data was researched, it was found that while 140 private sector companies have appointed a woman [...] Continue Reading »
Market regulator Securities and Exchange Board of India (SEBI) was today asked by the Supreme Court to come up with safeguards to verify the transparency in the sale of properties of the Sahara Group to raise the amount for the release of its chairman Subrata Roy, who has been in Tihar Jail since March 4th. [...] Continue Reading »
The SEBI Sahara dispute has taken a new turn and to protect its interests, the income tax department has filed an application in the Supreme Court wanting to be impleaded as a party in the on-goingSebi-Sahara dispute.The application is likely to be heard on Thursday by a three bench comprising justices TS Thakur, AR Dave [...] Continue Reading »
Hindustan Construction Company’s subsidiary Lavasa Corporation has filed a draft red-herring prospectus with the Securities and Exchange Board of India (SEBI) on Tuesday and informed the exchanges. The company decided to raise funds from the primary market through the launch of an IPO worth ₹750 crore. The company’s spokesperson also mentioned that the issue is subject [...] Continue Reading »
GMR Infrastructure Ltd, which currently has an ‘asset light’ business strategy, is apparently planning an overall business strategy shift in favour of more ‘balanced growth.’ The business strategy shift which is being mulled by GMR will come at a time when the market sentiment is witnessing an improvement. The GMR Group is already prepared to [...] Continue Reading »
The Securities and Exchange Board of India (SEBI) has requested the government to provide a clear picture on tax benefits for the latest products like REITs (Real Estate Investment Trusts) and Infrastructure Investment Trusts. This is expected to boost the capital markets. Regulator SEBI is soon to finalise the norms for REITs once there is [...] Continue Reading »
The year 2014 looks promising for REITs or Real Estate Investment Trusts. Anticipating a go ahead in this year’s budget, the trusts offer hope to realty developers who are struggling with low sales and high fund costs. Like mutual funds, REITs can be traded and listed in exchanges. They are tax-free and invest in malls, [...] Continue Reading »
According to the Securities and Exchange Board of India (Sebi), Puravankara Projects commercial real estate scheme does not fall under the collective investment scheme (CIS) category because the scheme did not involve any offer for pooling of funds for assured returns. Sebi’s viewpoint on the commercial real estate scheme floated by Puravankara Projects comes in [...] Continue Reading »
The property developer Vijay Shanthi Builders Ltd has now decided to raise Rupees 65 crore through Non-Convertible Debuntures from the IDFC real estate fund. The ability to raise funds has been crippled because of the sluggish growth in the economy. Companies which have faced this dilemma are the banks, the financial institutions which have been [...] Continue Reading »
