Sebi launches consultation paper on additional disclosures by REITs

The Securities and Exchange Board of India (Sebi) on Wednesday launched a consultation document for public comment to develop guidelines on additional public disclosures by Foreign Portfolio Investors (REITs) with Assets Under Management (AUM) of more than Rs 25,000 crore in Indian shares. Additionally, existing high-risk REITs, which have a concentration threshold above 50% in […]

Parents of REITs to be considered as ‘legal person’

Mumbai: Foreign umbrella funds or parent organisations, incorporated in jurisdictions such as Luxembourg and Singapore, will have to declare themselves as the “legal entities” of foreign portfolio investors (REITs) trading on Indian stock exchanges. REITs registered with the Securities & Exchange Board of India (Sebi) are often subsidiaries of offshore parent institutions. In such cases, […]