India Business News: NEW DELHI: Insolvency tribunal NCLT Mumbai has approved the sale of some of the real estate assets of telecom company Reliance Communications, a regul.
Sebi had proposed to allow companies to delist by coming out with a fixed price for the repurchase of shares, instead of the existing reverse book-building mechanism where they decide on the price based on the sell orders submitted by shareholders.
The listing of retail-led real estate assets through Real Estate Investment Trusts (REITs) has brought greater transparency to transaction and management structures. Developers are now recognizing the need to upgrade retail properties, focusing on factors like tenant mix and mall management to maximize asset monetization. Data from JLL India shows that over half of the retail assets in India with the potential to be listed as REITs are located in Mumbai and the NCR-Delhi region.
Continental Realty Group and MLG Capital Purchase 112-Unit Apartment Complex in Durango, Colo. with plans to renovate the property called Skyline Apartments.
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