New Delhi: Nexus Select Trust, a Blackstone-backed retail real estate investment trust (Reit), on Thursday said its board has approved the acquisition of the MBD Neopolis mall and its attached Radisson Blu Hotel in Ludhiana for â‚ą490 crore. The acquisition, structured as a business and asset transfer to a special purpose vehicle (SPV), Select Infrastructure…
Propshare, a fractional real estate platform, recently became the first player to secure an SM (small and medium) Reit licence from Sebi. SM Reits are real estate investment trusts with an asset base between â‚ą50 crore and â‚ą500 crore. However, Propshare’s existing investors rejected the migration to SM Reit status. High upfront costs, including a…
Bengaluru: At 5.34 am on Saturday, 10 August, India time, American short-seller Hindenburg Research put up a cryptic post on X: “Something big soon, India.” It immediately sparked curiosity and speculation among investors, analysts and the media. Whom was the New York-headquartered short-seller targeting now? When Hindenburg issued a note on the Adani Group in…
