To provide new avenues for raising funds, capital markets regulator Securities and Exchange Board of India (Sebi) on Thursday proposed fresh norms for the public issue of real estate investment trusts (REITs), including cap of 75% allocation to institutional buyers. Sebi said the proposed norms for the public issuance of REITs relate to appointment of merchant bankers, disclosures in the offer documents and filing of draft papers, keeping them in the public domain for at least 21 days.
Your bulletin for the day
Read More