Tag: Securities and Exchange Board of India

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…

IndustryLatest Stories

Grand Housing in Chennai Files DRHP for IPO

NEW DELHI: Grand Housing, based in Chennai, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO). The offer, priced at ₹5 per equity share, includes a sale of up to 35,500,000 shares by promoter Vijay Surana J. Established in 2004, Grand Housing primarily concentrates on plotted developments in Tamil Nadu. The company is focused on acquiring adjacent land parcels to create larger, more economically viable areas for future development. Its real estate offerings include two main segments: the residential segment, which focuses on the development…