Sebi orders Embassy Office Parks to suspend CEO for violating compliance norms

Sebi orders Embassy Office Parks to suspend CEO for violating compliance norms

Capital markets regulator Sebi on Monday directed Embassy Office Parks Management Services, the manager of Embassy REIT, to suspend its CEO Aravind Maiya. The regulator also told Embassy Office Parks to appoint an interim CEO with immediate effect. This interim order follows a previous order by the National Financial Reporting Authority (NFRA), which debarred Maiya … Read more

Brookfield REIT plans $600 mn IPO

Brookfield REIT plans 0 mn IPO

MUMBAI: Global asset management major Brookfield will file for a USD 600 million (around Rs 4,440 crore) initial public offering for its real estate investment trust (REIT), merchant banking sources said on Thursday. The Canadian asset manager is filing the Draft Red Herring Prospectus (DRHP), making it the third REIT to be listed in the … Read more