Sebi seeks to lure foreign capital to Indian markets, issues draft norms for REITs

Oct 10 2013, 20:14 IST
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Issuing draft norms for REITs, Sebi said the evolution of such investment vehicles is Issuing draft norms for REITs, Sebi said the evolution of such investment vehicles is "crucial". AP
SummarySebi proposed listing of REITs, a popular instrument for raising funds in the realty sector.

to any transaction as well as associates of such person would not participate in voting on the specific issue.

Keeping in mind that transparency has been a cornerstone of the REIT industry globally, Sebi said that minimum disclosure requirements in the IPO and FPO document, annual and half yearly reports have been specified in the proposed Regulations.

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