Latest news with #StrataSMREIT
Time of India
14-05-2025
- Business
- Time of India
Sebi cautions investors as Strata SM REIT surrenders registration
NEW DELHI: Markets regulator Sebi on Wednesday cautioned investors against dealing with Strata Small and Medium Real Estate Investment Trust ( SM REIT ) as it is no longer a regulated intermediary or an SM REIT. The decision came after the markets regulator reviewed "certain legal proceedings against the promoter of a Sebi-registered SM REIT -- Strata SM REIT . The regulator said it had engaged with Strata SM REIT, its independent director, compliance and other officers and the trustee. "Based on the engagement and discussions there at, Strata SM REIT has surrendered its certificate of registration as an SM REIT and will not hold out or represent itself as a Sebi -regulated intermediary or SM REIT," the regulator said in a statement. Accordingly, the regulator advised investors to exercise caution while dealing with the entity. Sebi said Strata SM REIT has, as on date, not launched any SM REIT schemes nor migrated any pre-existing fractional real estate entities as an SM REIT scheme. Strata had registered as an SM REIT, a new asset class introduced by the Securities and Exchange Board of India (Sebi) as a sub-class within the REIT framework for assets valued between Rs 50-500 crore. Similar to REITs, SM REIT units are required to be listed on stock exchanges but with a minimum lot size of 1 unit of Rs 10 lakh. Under the framework, SM REITs are not permitted to invest in under-construction assets or land and must distribute 95 per cent of earnings as distributions to unit holders.
The Hindu
14-05-2025
- Business
- The Hindu
SEBI warns investors of Strata SM REITS as it surrenders registration
Securities and Exchange Board of India (SEBI) warned investors of Strata SM REITS that the application to surrender registration was accepted by the market regulator. SEBI's decision follows 'certain news reports and review of certain legal proceedings against the promoter', according to a statement from SEBI. 'SEBI engaged with Strata SM REIT, its independent director, compliance and other officers and the trustee. Basis the engagement and discussions thereat, Strata SM REIT has surrendered its certificate of registration as an SM REIT and will not hold out or represent itself as a SEBI-regulated intermediary or SM REIT,' SEBI said in its release. Strata has not launched any scheme. Strata received license for SM REIT in January 2025.
