Following SEBI’s reclassification of REITs as equity instruments, these trusts are attracting increased investor interest, particularly from HNIs and institutions. This shift is occurring partly at the expense of listed property developers, as REITs offer stability and lower volatility. The reclassification is boosting REIT values and potentially paving the way for index inclusions.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000