Tag: Market Regulator

Supreme Court asks Sahara firms, Roy to reply SEBI

Supreme Court has asked two Sahara firms and the group head Subrata Roy to answer the market regulator SEBI in a week. After hearing the contempt petition submitted by SEBI, Supreme Court has ordered two Sahara firms and the chairperson and managing worker of Sahara Group Subrata Roy to reply the petition of SEBI within […]

Embassy Properties Plan Realty Projects

Photo by avlxyzEmbassy Property Development, a Real Estate Firm has planned a public issue of Rs. 2400 cr to Finance Realty Projects. It has already filed Draft Red Herring Prospectus (DRHP) with the market regulator SEBI. The firm also plans on considering pre-IPO placements of Rs. 1175 cr worth of equity shares. Embassy Properties have […]

Indian regulator allows fund houses to start real estate mutual funds

MUMBAI – Indian market regulator, the Securities and Exchange Board of India (SEBI), said it has amended the regulations to allow domestic fund houses to start real estate mutual funds (REMF) in the country. In a release, the regulator said however that existing mutual funds have to fulfill certain conditions, such as having an sufficient […]