It’s a sea of red across Dalal Street with all the major indices closing in the red. The Fed impact was well and truly reflected the way the markets sold off last week’s gains. The Nifty closed below the 20,000 mark at 19,679, down almost a per cent. The Sensex too closed well below 67,000 […]
Day: April 2, 2024
Sebi notifies rule; gives board representation to REITs’ unitholdersSebi notifies rule; gives board representation to REITs’ unitholders
To boost corporate governance norms, markets regulator Sebi has notified rules introducing special rights to unitholders of REITs who can now nominate representatives on the boards. Also, the regulator has introduced the concept of a self-sponsored real estate investment trust (REIT). Amending rules for REITs, Sebi said, “Unitholders holding not less than 10 per cent […]