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Brookprop Management Services settles REIT norms violation case with Sebi for Rs 20.47 lakh. Details on the settlement order.

K Raheja Investment Managers has settled with Sebi by paying Rs 68.73 lakh for alleged violation of REIT rules in the Mindspace Business Parks REIT case.

IndiGrid has acquired a 300 MW solar project in Rajasthan for Rs 1,550 crore, expanding its portfolio to 1.1 GWp. This acquisition adds Rs 80 crore of net distributable cash flow annually.

SEBI introduces a standardized framework for calculating net distributable cash flow for REITs and InvITs, effective from April 1, 2024, to promote ease of doing business in the capital markets.