Subrata Roy Sahara and three other directors of Sahara Group were questioned by SEBI. Last Wednesday might have been a hard day for Subrata Roy Sahara and his co-directors as they were questioned by the Securities and Exchange Board of India. The questioning was mainly for finding out the real income sources of Sahara Group.
Market regulator SEBI has appealed to the Supreme Court demanding the arrest of Subrata Roy Sahara. Securities & Exchange Board of India is all set to arrest Subrata Roy Sahara. And SEBI has sought the permission of the Supreme Court for arresting the chief of Sahara.
February 26, 2013 – 7:20 pm
A Delhi-based investor; requesting SC to give directions to redeem his investments, approached the Supreme Court last day. The move of the investor leads Sahara into deep troubles. Sahara falls from bad to worse situation as a Delhi-based investor approached the Supreme Court last day for gaining his investment dues. Though this is the first […]
February 18, 2013 – 7:39 pm
SEBI finally attached the assets of two Sahara firms which failed to comply with the Supreme Court order. Earlier in the last year, Sahara firms were fined to repay the amount raised through OFCDs. Two Sahara firms’ failure to comply with the Supreme Court order which asked them to pay off over Rs.24000 Cr to […]
LIC Housing Finance, the mortgage arm of Life Insurance Corporation of India (LIC), is set to foray into the venture capital arena. It intends to start Rs 500 crore real estate fund by the end of this financial year. LIC Housing Finance is reportedly scouting for a banking partner for raising capital and will soon […]
The Sebi’s recent decision to allow mutual fund firms to play in realty space has opened up a fresh avenue for individual investors. One month ago, Sebi had approved the inclusion of real estate and issued a set of guidelines. Prior to that, only high networth individuals were allowed to invest in realty directly.
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Posted in Property News
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Also tagged Angel Broking, Individual Investors, Industry Analysts, Ipo Market, Jai, Kpmg Report, Liquidity, Mfs, Minimum Investment, Mutual Fund, Mutual Fund Firms, Real Estate Sector, Strong Winds
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Godrej Properties Ltd, Real estate arm of the Godrej Group, declared that it has filed the Draft Red Herring Prospectus (DHRP) with SEBI for an IPO of approx seven million shares. According to a company statement, the firm proposes an IPO of 9,429,750 equity shares of ten rupees each through 100% book building process to […]
Some things make the Reserve Bank of India (RBI) paranoid. The invasion of foreign money in the Indian property market has always been a familiar theme that rang alarm bells on Mint Street — the central bank’s headquarters. Whenever it sensed an alarm, the regulator moved in to clamp down on such money flows. Even […]
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Posted in Property News
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Also tagged Alarm Bells, Asset Price, Bank Of India, Estate Assets, Foreign Money, Hybrid Instruments, Institutional Investor, Investment Rules, Mint Street, Mortgage Backed Securities, Mutual Fund Schemes, Nris, Price Bubbles, REMF, Reserve Bank Of India, Securities And Exchange Board Of India, Venture Capital Funds
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All the decks have been cleared for the launch of Real Estate Mutual Funds (REMFs) in India, with the Securities and Exchange Board of India (SEBI) notifying amended regulations for such products last week. For mutual fund investors, this may mean a welcome relief from the stream of new equity fund offerings, playing on every […]
SEBI has allowed mutual funds to launch real estate mutual fund (REMF) schemes, a move that will encourage investors to participate in and benefit from the real estate boom. Existing MFs can launch the REMF schemes, provided “…they have adequate number of experienced key personnel/directors,” Securities and Exchange Board of India (SEBI) said in a […]
Market regulator Securities and Exchange Board of India (SEBI) said on 11th April it would issue rules on Real Estate Mutual Funds in the next fifteen days, allowing retail investor as well to access the realty market, which has viewed a boom in the last few years. “SEBI is ready with rules on real estate […]
March 14, 2008 – 12:33 am
The SBI Mutual Fund filed the offer document with the Securities and Exchange Board of India (Sebi) for launching a dedicated scheme for the real estate and related sector, on 13th march . The purpose of Magnum Sector Funds Umbrella (MSFU) Real Estate Equity Fund is to offer investors opportunities for long-term growth in capital […]
