Tag: Revamp mode

Market regulator SEBI has now implemented several significant amendments to the regulatory regime around Real Estate Investment Trusts (REITs), little over a month-and-a-half after its board gave its nod to these changes.REITs are investment pooling vehicles that invest in revenue-generating real estate assets. Also read: Near to medium-term prospects look dim for India’s office-based REITsThe changes now notified by SEBI — effective August 17 — include introduction of nomination rights at the board of the Manager of REITs for unit-holders of REITs.Also, it has now been stipulated that any...