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Securities and exchange board of India(Sebi)

Parole rejected for Roy- Instead use Skype for conversation with buyers: SC

Parole rejected for Roy- Instead use Skype for conversation with buyers: SC
On Friday the Capital markets regulator Securities and Exchange Board of India (SEBI) suggested a tech savvy way for the debt laden Sahara Chief. This measure will help to raise money for his own bail. SEBI suggested that the Sahara Chief Subrata Roy should be allowed to step out of Tihar jail for a few [...] Continue Reading »

SEBI asked about Roy’s release by SC

SEBI asked about Roy’s release by SC
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 »

Sahara group to pay Rs. 10,000 crore in instalments for Chief Subrata Roy’s release

Sahara group to pay Rs. 10,000 crore in instalments for Chief Subrata Roy’s release
There might be some good news for Subrata Roy and the Sahara group tomorrow when the SC verdict will be pronounced. The Supreme Court (SC) is speculating the situation and considering the plea of jailed Sahara Group chief Subrata Roy who is seeking a modification of an earlier order. The SC had asked him to [...] Continue Reading »

Sebi: Puravankara Project real estate scheme does not fall under CIS category

Sebi: Puravankara Project real estate scheme does not fall under CIS category
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 »

65 Crores will be raised by the Vijay Shanthi Builders through NCD

65 Crores will be raised by the Vijay Shanthi Builders through NCD
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 »

5 percent income distributed by India Realty Fund-I

5 percent income distributed by India Realty Fund-I
Azure Capital, a private equity name in the market manages India Realty Fund-I ( IRF-I), and the private player now has announced profit distribution for the second time, which it has earned by scope of Fund May 18, says a source. Fund May 18 has five percent of its income distributed too, this would be [...] Continue Reading »

Real estate firms cracked down by Sebi

Real estate firms cracked down by Sebi
Capital market regulator Securities and Exchange Board of India (Sebi) has cracked down on collective investment schemes operating in West Bengal. Few real estate firms are among those being zeroed in on by the regulator. Investments worth thousands of crores have been raised by certain companies in the state in violation of Sebi’s Collective Investment [...] Continue Reading »

Sahara ruling exposes regulators caught off guard

Sahara ruling exposes regulators caught off guard
The recent Supreme Court ruling against Sahara Group implies an indictment of not only Sahara but the regulatory system as a whole. Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC) were instructed by the Supreme Court to refund over Rs 24,000 crore collected through optionally fully convertible debentures (OFCDs). Sahara case [...] Continue Reading »

Small realtors hopeful of new Sebi regulations

Small realtors hopeful of new Sebi regulations
Small builders that have been facing funds crunch for many months now on the backdrop of slowdown in real estate market. They are banking on capital market regulator Securities and exchange board of India’s (Sebi) new Alternative Investment Funds regulations to ease access to money. Over the past several months, banks have cut down on [...] Continue Reading »



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