The Securities and Exchange Board of India (Sebi) on Friday firmed up regulations that will govern real estate investment trusts, or REITs, and so-called infrastructure investment trusts (InvITs) that the market regulator decided to allow last month. Following a board meeting in August, Sebi had cleared a long-pending proposal to allow Indian firms to launch REITs —a move that will enable easier access to funds for cash-strapped developers and create a new investment avenue for institutions and high net worth individuals, and ultimately ordinary investors. All REIT schemes, to start-off with, will be close-ended real estate investment schemes that will invest in property with the aim of providing returns to unit holders. The returns will be derived mainly from rental income or capital gains from real estate. REITs, Sebi said, will be allowed to invest in commercial real estate assets, either directly or through special purpose vehicles (SPVs).

Sustained dollar demand from importers and weakness in local equities on Wednesday pulled the rupee down for a third straight day, with the currency ending two paise lower at 60.97 against the greenback.

Heavy selling by foreign funds yesterday in local stocks and better dollar overseas also kept the rupee under pressure.

The Securities and Exchange Board of India (Sebi) will soon issue a discussion paper to formalise and address issues pertaining to the Private Investment in Public Equity (PIPE) funding.

"Work is going on to make lives easier for private equity players that invest in listed companies. The discussion paper will address issues the industry is facing, and after public consultation, formal guidelines would be issued," said a source.

The Securities and Exchange Board of India (Sebi) has sought additional information from Reliance Industries (RIL) on the takeover of Network18 and TV18 Broadcast. The two firms, which are being taken over by RIL through its Independent Media Trust (IMT), control an array of media properties, including leading business and general news channels CNBC TV18 and CNN-IBN.

"Sebi has sought additional information from time to time, which has been provided," RIL told Business Standard in response to an email query seeking comments. "Sebi has not asked for any revision of offer price," the RIL spokesman added.

Karuturi Global, the Bangalore-based publicly-held cereals, vegetables and flower exporter, has said it has applied to ROC-Bangalore (registrar of companies) seeking permission to extend the date of the AGM to a maximum period of three months from early September 2014. This move to delay complying with the listing regulations comes after the company’s subsidiary in Kenya has been in legal tangles with its banker in recent times.

The Securities and Exchange Board of India (Sebi) has saved the government from a certain defeat it would have faced at the hands of minority investors of Oil and Natural Gas Corporation (ONGC) in the matter of subsidy payout to downstream marketing companies.

Two weeks before the deadline for implementation of new corporate-governance norms, corporate India could expect some relief from the Securities and Exchange Board of India (Sebi). The announcements were expected this week, people familiar with the developments said.

Sebi is likely to extend the compliance deadline for certain select provisions under the amended listing agreement by six months. The new deadline for these is likely to be April 1.

Ortel Communications, a regional cable television and broadband service provider, has filed draft documents with market regulator Sebi for a public issue of up to 1.42 crore equity shares.

This is the sixth company to file initial papers with Securities and Exchange Board of India (Sebi) this year to garner funds through initial public offer (IPO) route.

The Securities and Exchange Board of India (Sebi) on Thursday censured BSE for a matter related to allocations in the Rs 6,000-crore NMDC offer for sale (OFS) in 2012.

The exchange had confirmed orders for 45.5 million NMDC shares after the stipulated time. Bids by Citibank NA were confirmed between 6:22 pm and 6:30 pm, not within half an hour of the post-close session, as stipulated under Sebi norms.

Stunned by the Central Bureau of India (CBI)'s first information report (FIR) against three of their colleagues, employees at the Securities and Exchange Board of India (Sebi) are considering setting up an association. The objective of the proposed union will be to protect the rights of the staffers, most of whom work on cases involving large corporates. The tasks and responsibilities of Sebi officials have undergone a change with the new powers the regulators have gained. In recent times, Sebi officials have drawn ire while cracking down on Ponzi investment schemes in several parts of the country.

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