Track2Realty-Agencies: The Securities and Exchange Board of India (SEBI), on Monday, Oct 29, pitched for tax incentives to woo investors into the proposed real estate investment trusts (REITs), which, it was felt, would go a long way in helping cash-strapped companies raise funds.
Track2Realty Exclusive: The question is why have not they blocked the mutual funds then? Pranay Vakil, Chairman of Knight Frank India has a simple take, “Because the mutual funds lobby is larger than the bankers’ lobby. They could not do anything about it. The companies into mutual funds are so large; they might just foray into banking.”
Sahara’s defiance against the market regulator SEBI seems to have opened the can of worms for the company.
The Securities and Exchange Board of India (SEBI) on Thursday said it would probe real estate company DLF following allegations by Kimsuk Krishna Sinha that he had been duped of Rs.34 crore.