loader

loading...

User Image

REPL receives SEBI permission for ImpactR SM REIT, a small and medium-sized REIT.

The Securities and Exchange Board of India (SEBI) has approved Rudrabhishek Enterprises Ltd (REPL), an infrastructure consulting firm, to register a small and medium real estate investment trust (SM REIT). This is the second application of its kind to be approved by the capital market regulator since the rules for the emerging market were finalized earlier this year. REPL will serve as the investment manager for the new SM REIT, which will be known as ImpactR SM REIT. The SM REIT application, filed by Property Share, a fractional ownership platform licensed under the name Property Share Investment Trust, was previously accepted by SEBI. The latter has not yet been included to the exchanges' lists. Through the ImpactR SM REIT, real estate will become more accessible to a wider range of investors by providing organized and transparent investment options. Pradeep Misra, chairman and managing director of REPL, stated, "We are convinced that this move would have a revolutionary effect on our stakeholders and the industry at large because of our vast experience in real estate and urban infrastructure. The main business of REPL is offering consulting services for various real estate and infrastructure projects. It is listed on the National Stock Exchange's platform for small and medium-sized businesses.

Just Login and Customize
Our Features Easily.

USERNAME : [email protected]

PASSWORD : admin1234

Admin Login

Click here to make an inquiry now!