Tag: Sebi

IndustryLatest Stories

HDFC Fund, Advisors Settle ₹26 Lakh Regulatory Violations

NEW DELHI: HDFC Property Fund and HDFC Capital Advisors have reached a settlement over a regulatory violation with Sebi, amounting to Rs 26 lakh. The case involved delays in the asset liquidation process and the distribution of proceeds. This delay in winding up the schemes is a violation of Sebi’s Venture Capital Funds rules. According to a Sebi settlement order issued on Thursday, HDFC Property Fund and HDFC Capital Advisors submitted suo motu settlement applications, proposing to resolve the matter “without admitting or denying the findings of facts and conclusions of law”. HDFC Property Fund initiated two schemes: the HDFC…

IndustryLatest Stories

Embassy Group Slams REIT Petition; Bombay HC Gives Sebi 6 Weeks

MUMBAI: Embassy Group, a leading real estate company, has characterized a recent writ petition questioning the “fit and proper” status of certain entities and promoters linked to Embassy Office Parks REIT as a “recycled claim.” This allegation is reportedly part of a persistent campaign orchestrated by Sterling & Wilson. The Bombay High Court has allowed the Securities and Exchange Board of India (SEBI) six weeks to review the representations made by the petitioner. In a statement following the hearing, Embassy Group claimed the petition filed by Chayan Upadhyay is part of a “continuing, orchestrated campaign” targeting the group and its…

Latest StoriesRegulatory

Indiabulls Real Estate: Four Firms Settle ₹10.5 Crore with Sebi

NEW DELHI: Market regulator Sebi announced the settlement of proceedings against four entities involved in an alleged fund diversion case linked to the former Indiabulls Real Estate Ltd (IBREL), with a total settlement of approximately ₹10.49 crore. The entities—Agnes Developers Pvt Ltd, Everlast Projects Pvt Ltd, Lincoln Developers Pvt Ltd, and Deneb Developers Pvt Ltd—resolved the issue “without admitting or denying the findings of fact and conclusions of law,” as stated in the settlement order. Following the merger of Indiabulls Real Estate Ltd with Bengaluru’s Embassy Group, Embassy became the primary promoter of IBREL, later rebranding it as Embassy Developments…

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Sebi Plans to Broaden Liquid MF Investments for REITs, InvITs

NEW DELHI: On Thursday, the market regulator Sebi proposed to broaden the investment scope for liquid mutual fund schemes by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), as the current eligibility criteria limit their investment choices. At present, these investments are confined to liquid schemes that have a high credit risk value and are highly classified in terms of risk. Sebi’s proposals aim to simplify business operations for REITs and InvITs, offering enhanced investment flexibility while maintaining necessary prudential safeguards. In its consultation paper, Sebi has also suggested that InvITs should be allowed to retain investments in…

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Eldeco Infrastructure Wins SEBI Approval for IPO

NEW DELHI: Eight companies, including real estate firm Eldeco Infrastructure and Properties and Associated Power Structures, have received approval from Sebi to raise funds via initial public offerings (IPO), as reported by the market regulator on Friday. Other companies that gained regulatory consent include HD Fire Protect Ltd, Xtranet Technologies, Parijat Industries India, Rotomag Enertec, CSM Technologies, and AITMC Ventures Ltd. The eight firms filed their preliminary IPO applications with Sebi between September and October, obtaining the regulator’s observations from January 28 to 30. In regulatory terms, this observation signifies clearance to proceed with a public issue. Eldeco Infrastructure and…

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…

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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…

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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…