: Wednesday, February 3, 2021, 7:41 AM IST
IPO Alert: Brookfield India REIT raises Rs 1,710 cr from HDFC Trustee Co, SBI Life Insurance, Tata AIG GIC, Bajaj Holdings and Investments, 35 other anchor investors
Representational image/IPO
Global investment firm Brookfield s Real Estate Investment Trust (REIT) has attracted Rs 1709.97 crore from 39 anchor investors. This was raised at the upper price band of Rs 275 per unit. The firm allocates 62,180,800 units.
The initial public offer (IPO) of Brookfield REIT will open today (on February 3) at a price band of Rs 274 to Rs 275. It will close on February 5.
Some of the 39 investors are HDFC Trustee Company / HDFC Balanced Advantage Fund (16.40 per cent of allocation), SBI Life Insurance Company (13.50 per cent of allocation), Tata AIG General Insurance Company (9.90 per cent of allocation), HDFC Life Insurance Company (8 per cent), Bajaj Holdings and Investments (4.4 per cent), Schroder Global Cities Real Estate (4.20 per cent), HDF
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SAT sets aside Sebi s penalty on SBI, Bank of Baroda, LIC in UTI AMC case
Updated:
Updated:
January 12, 2021 16:43 IST
Securities and Exchange Board of India (Sebi), in August 2020, levied the fine on three financial institutions for failing to reduce their stakes to below 10% in UTI Asset Management Company
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Following the Sebi s order, State Bank of India (SBI), Bank of Baroda (BoB) and Life Insurance Corporation of India (LIC) had moved the tribunal.
| Photo Credit:
Shailesh Andrade
Securities and Exchange Board of India (Sebi), in August 2020, levied the fine on three financial institutions for failing to reduce their stakes to below 10% in UTI Asset Management Company
Securities Appellate Tribunal overturns SEBI penalty on SBI, LIC, Bank of Baroda over UTI MF
SEBI had fined the three entities for holding over 10% stake in UTI MF, which was in violation of SEBI rules
BusinessToday.In | January 12, 2021 | Updated 14:58 IST
The Securities Appellate Tribunal (SAT) has reversed the penalty imposed by the Securities and Exchange Board of India (SEBI) on three entities (Photo- Reuters)
The Securities Appellate Tribunal (SAT) has reversed the penalty imposed by the Securities and Exchange Board of India (SEBI) on State Bank of India (SBI), Bank of Baroda and Life Information Corporation (LIC) on the matter of UTI Asset Management Company (AMC).