K Raheja Settles REIT Violation Case with INR 68.73 Lakh Payment

K Raheja Corp Investment Managers, the manager of Mindspace Business Parks REIT, has resolved a regulatory case with SEBI by paying ₹68.73 lakh as a settlement fee. The matter pertained to alleged REIT rule violations, and the company settled without admitting or denying SEBI’s findings.

Settlement with SEBI: Key Details

K Raheja Corp Investment Managers (formerly K Raheja Investment Managers LLP) paid ₹68.73 lakh to settle allegations of REIT rule violations concerning Mindspace Business Parks REIT. The company opted for settlement to avoid prolonged regulatory proceedings.

About Mindspace Business Parks REIT

Mindspace Business Parks REIT, listed in August 2020 and sponsored by the K Raheja Corp group, boasts a robust portfolio of office spaces across Mumbai, Pune, Hyderabad, and Chennai, marking it as a key player in India’s commercial real estate sector.

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Settlement Terms

The settlement order by SEBI states that the proceedings were resolved without K Raheja Corp Investment Managers admitting or denying any of the findings or conclusions related to the case.

Disclaimer: This content is based on publicly available information and is intended for informational purposes only.