merchant banker

Sebi bars Axis Capital from acting as debt merchant banker till further orders

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Sebi bars Axis Capital from acting as debt merchant banker till further orders

The Securities and Exchange Board of India (Sebi) on Thursday restrained Axis Capital Ltd (ACL) from taking up new assignments as a debt merchant banker till further orders. The Sebi’s interim order came amid allegations of ACL extending itself beyond the permissible activities as a merchant banker while dealing with the issue of listed non-convertible … Read more

India’s first small and medium Reit faces pushback from existing investors

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India’s first small and medium Reit faces pushback from existing investors

Propshare, a fractional real estate platform, recently became the first player to secure an SM (small and medium) Reit licence from Sebi. SM Reits are real estate investment trusts with an asset base between ₹50 crore and ₹500 crore. However, Propshare’s existing investors rejected the migration to SM Reit status. High upfront costs, including a … Read more