Integrated co-working firm EFC (I) Ltd plans to form an investment manager entity to manage assets and investments of SM REIT through a wholly owned subsidiary EFC Ltd. Others like Strata and WiseX are also taking similar steps. The companys board has approved a proposal to create a step-down subsidiary under EFC Ltd for acting as an investment manager to SM REIT.
Investor interest in Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) has surged, with fundraising hitting Rs 17,116 crore in 2023-24, a significant increase from the previous year. The optimistic outlook for the current fiscal year FY25 is driven by regulatory amendments and growing popularity.
InvITs, REITs raise record Rs 17,116 cr in FY24 on promising returns financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Fundraise by InvITs, REITs surges multi-fold to ₹17,116 cr in FY24 on promising returns thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.