Sebi clears decks for smaller REITs, postpones new delisting rules for further study
Sebi chairperson Madhabi Puri Buch said the Sebi board suggested on Saturday that the regulator analyse more data pertaining to delisting norms before coming up with proposals
The Securities and Exchange Board of India (Sebi) on Saturday cleared the decks for small and medium real estate investment trusts (REITs). Sebi’s board also eased the norms for social stock exchanges (SSEs) and provided exemptions to certain alternative investment funds (AIFs) that are currently required to dematerialise their units. The markets regulator, however, deferred a proposal on easing delisting norms, saying it intends to examine more data before coming up with new rules.
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