Securities and Exchange Board of India
The Market regulator Sebi authorization is obtained by GMR Infrastructure to raise a fund of Rs. 1,500 crore by means of rights issue. GMR will make use of the funds raised to make settlement towards borrowings and also for general corporate needs. What is Rights Issue? According to rights issue, shares are provided to the [...] Continue Reading »
The MD, Corporate Finance of JLL India, Ambar Maheshwari has been roped in for a real estate fund raising project of Indiabulls AMC Ltd. with the aim of raising an estimated amount of Rs.1000 crore. JLL India which is the newest entrant in the Mutual Fund Industry has been roped in by the India Bulls [...] Continue Reading »
Reports received from a senior executive of the Securities and Exchange Board of India (SEBI) revealed that a greater deal of transparency will be ushered in by the Real Estate Investment Trusts with the objective of attracting more global funds. Several norms for the listing of business trust structures, REITs and Infrastructure Investment Trust were [...] Continue Reading »
The Securities Appellate Tribunal or SAT finally admitted the appeal of DLF Promoters against the Securities and Exchange Board of India or Sebi last week. This order of ban against DLF promoters from accessing the capital markets have been admitted by SEBI, post the plea of the prompters. The ban was not just for DLF, [...] Continue Reading »
Observation orders have been issued by The Securities and Exchange Board of India or Sebi on initial public offering or IPO or Lavasa Corporations. This has signified the debacle of the regulatory course before IPO. As stated by a company official, Lavasa can now smartly say yes to the IPO and they are happy to [...] Continue Reading »
The ban on DLF made by SEBI from accessing the Capital market for 3 years has been opposed and an appeal has been filed against it by the top executives of DLF India Ltd. The appeal has been made to the Securities Appellate Tribunal (SAT) on 11th November. What the appeal was about: The appeal [...] Continue Reading »
As more and more foreign real estate companies and investors are looking to enter the Indian markets owing to the relaxation in the FDI norms, market regulator SEBI has proposed allowing of Foreign Venture Capital Investors (FVCIs) in Core Investment Companies (CICs). SEBI has floated its proposal to allow investment in real estate projects under [...] Continue Reading »
The new tax rules seems unattractive to initiate selling of securities within 3 years. The announcement of rules regarding setting up of Real Estate Investment Trusts (REITs) is likely to spur $20 billion property development in India. Market sentiments report that unless the country’s tax code is revised, REITs may find it difficult to take [...] Continue Reading »
In a cat-and-mouse chase between SEBI and DLF, the investors of DLF are likely to take the ultimate beating, with several under-construction projects hanging by a thread after SEBI’s fundraising ban on DLF. In a verdict passed on Monday, the Securities and Exchange Board of India (SEBI) decided to debar India’s real estate giant DLF’s [...] Continue Reading »
The Real Estate Investment Trusts will be helping to attract more funds into the realty sector and there is no need to provide more tax concessions for it. One of the senior government officials made this statement yesterday. REITs and Infrastructure Investment Trusts (InvITs) are being expected to bring in more global investment and also [...] Continue Reading »
