Tag: Sebi

IndustryLatest Stories

Runwal Developers Secures SEBI Approval for IPO

NEW DELHI: Seven companies, including Runwal Developers in real estate, Lalbaba Engineering for engineering solutions, and Augmont Enterprises, which focuses on gold and silver, have received approval from Sebi to raise funds through initial public offerings (IPOs), as announced by the regulator on Friday. Other approved companies include Supreet Chemicals, Sillverton Industries (a manufacturer of eco-friendly paper), CJ Darcl Logistics, and fertility services provider Gaudium IVF, along with Women Health Ltd. These seven firms submitted their draft IPO documents between June and October and received observations from Sebi from January 12 to 15. In regulatory terms, this allows them to…

CommercialLatest Stories

Executive Centre India Gets SEBI Nod for ₹2,600-Crore IPO

NEW DELHI: Executive Centre India has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The IPO will feature a fresh equity share issuance with a face value of ₹2 each, totaling up to ₹2,600 crore. As outlined in the draft red herring prospectus (DRHP), the net proceeds are intended primarily for investments in TEC Abu Dhabi, a direct subsidiary, and to fund part of the acquisition costs for TEC Singapore and TEC Dubai. These two entities are currently step-down subsidiaries of TEC Singapore, a corporate promoter of the company, and…

IndustryLatest Stories

Sebi Expands Strategic Investor Definition for REITs, InvITs

NEW DELHI: The Securities and Exchange Board of India (Sebi) has expanded the definition of “strategic investor” for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), aiming to enhance investor participation in their public offerings. This revised criteria will facilitate capital attraction for these trusts, promote flexibility, and overall ease of business operations. Sebi identified that the previous definition of strategic investor was too limited, excluding significant institutional investors like pension funds, provident funds, and insurance funds. While these entities are active in REITs and InvITs due to their interest in long-term, stable income-generating assets, they were not…

IndustryLatest Stories

Amfi May Label REITs as Equity in January 2026 Rejig

MUMBAI: According to Nuvama Alternative & Quantitative Research, Knowledge Realty Trust (KRT), Embassy Office Parks, Mindspace Business Parks, Nexus Select Trust, and Brookfield may be classified under equity categories in the upcoming reclassification by the Association of Mutual Funds in India (AMFI) scheduled for January 2026. Recently, the Securities and Exchange Board of India (SEBI) redefined Real Estate Investment Trusts (REITs) as ‘equity-related instruments’ to encourage greater participation from mutual funds. If REITs are moved to the equity categories by the mutual fund industry body, KRT and Embassy may be categorized as mid-caps, while Mindspace, Nexus, and Brookfield could be…

Latest StoriesRegulatory

Bombay HC Dismisses WeWork India IPO Challenge, Imposes ₹1 Lakh Fee

MUMBAI: The Bombay High Court has dismissed two writ petitions filed by Vinay Bansal and Hemant Kulshrestha that aimed to prevent WeWork India’s initial public offering (IPO), effectively ending their last-minute legal challenge. A Division Bench consisting of Justice RI Chagla and Justice Farhan Parvez Dubash rejected the petitions and imposed a cost of Rs 1 lakh on Vinay Bansal, instructing him to deposit the amount with the Maharashtra State Legal Services Authority within two weeks. The court reserved its decision on October 8 after the arguments were concluded and delivered the ruling orally today. A detailed written judgment is…

IndustryLatest Stories

Sebi Reclassifies REITs as Equity to Enhance Market Participation

NEW DELHI: The market regulator, Sebi, announced on Friday that Real Estate Investment Trusts (REITs) will now be classified as equity-related instruments to encourage greater involvement from mutual funds and specialized investment funds (SIFs). Additionally, the classification of Infrastructure Investment Trusts (InvITs) will remain as hybrid instruments. Sebi stated in its circular, “Effective January 1, 2026, any investment by mutual funds and SIFs in REITs will be classified as an investment in equity-related instruments.” Investments in REITs from existing debt schemes and SIF strategies as of December 31, 2025, will be grandfathered. However, asset management companies (AMCs) are encouraged to…

IndustryLatest Stories

ASK CLAF-I Partners with Amavi by Clarks for ₹500 Crore Fund

NEW DELHI: The ASK Curated Luxury Assets Fund-I (CLAF-I), a partnership between ASK Property Fund and India Sotheby’s International Realty, has launched a ₹500 crore equity platform with Amavi by Clarks, focusing on branded residences. This collaboration is set to invest in equity for luxury second homes located in scenic hills, serene lakes, and spiritual destinations. ASK CLAF-I is registered with the Securities and Exchange Board of India (SEBI) as a Category-II Alternative Investment Fund (AIF) under relevant regulations. The fund aims to raise ₹1,500 crore overall, which includes a green shoe option of ₹500 crore for its final closing.…

IndustryLatest Stories

SEBI to Engage Stakeholders for REITs Inclusion in Indices

NEW DELHI: The Securities and Exchange Board of India (Sebi) plans to collaborate with industry stakeholders to include Real Estate Investment Trusts (REITs) in market indices, a step that is anticipated to significantly enhance liquidity for these instruments, as stated by chairman Tuhin Kanta Pandey on Friday. Speaking at the National Conclave on REITs and InvITs-2025, Pandey remarked, “Sebi will work with all stakeholders to facilitate the inclusion of REITs in indices.” REITs manage and operate real estate, providing investors an opportunity to invest in high-value properties while earning dividend income that can increase capital over time. Once included in…

IndustryLatest Stories

SEBI Considers Expanding Investment Options for REITs, InvITs

BENGALURU: The chairperson of India’s market regulator has announced plans to expand liquid mutual fund options for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to enhance their participation in the market. “We are reviewing a proposal to increase the accessible liquid mutual fund schemes for REITs and InvITs, with a focus on protecting investor interests,” said Tuhin Kanta Pandey, chairman of the Securities and Exchange Board of India (SEBI). Furthermore, Pandey noted that SEBI will work towards incorporating REITs into market indices, as outlined in his speech on the regulator’s website last Friday. This initiative follows SEBI’s…

Latest StoriesRegulatory

SC Criticizes SEBI’s Double Standards in Indiabulls Probe

NEW DELHI: The Supreme Court has expressed concerns over the CBI and SEBI’s “reluctance” to investigate allegations of questionable transactions involving Indiabulls Housing Finance Limited (IHFL), now rebranded as Sammaan Capital Limited. The court ordered the CBI director to convene a meeting with SEBI, SFIO, and ED to address the matter. A bench including Justices Surya Kant, Ujjal Bhuyan, and N. Kotiswar Singh criticized the Ministry of Corporate Affairs (MCA) for its handling of multiple offenses committed by IHFL, citing “double standards” in SEBI’s regulatory actions. The court questioned the delay in filing a First Information Report (FIR) and emphasized…