News:The Securities and Exchange Board of India(SEBI) has announced guidelines pertaining to rights issue of units by listed real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). Facts: Key features of the guidelines: The issuer will have to disclose objects of the issue, related-party transactions, valuation, financial details, review of credit rating and the… Continue reading Sebi puts in place guidelines for listed REIT, InvIT on rights issue
Tag: REit
India’s first Real Estate Investment Trust subscribed 2.58 times
The initial public offering (IPO) of India’s first Real Estate Investment Trust (Embassy REIT) was subscribed 2.58 times,with the share sale generating a demand of over Rs 5,300 crore. REITs are similar to mutual funds.While mutual funds provide for an opportunity to invest in equity stocks,REITs allow one to invest in income-generating real estate assets.… Continue reading India’s first Real Estate Investment Trust subscribed 2.58 times
