Business news,SEBI New Permit for Real Estate Investment

Real Estate Investment: SEBI New Permit SEBI has enabled investors to hold partial ownership in real estate properties that generate rental income.

Business news

How to invest in real estate in India REIT

SEBI has implemented revised procedures for Real Estate Investment Trusts (REITs) from 8th. Based on this, investors can now invest a minimum of Rs 10 lakh and have partial ownership in rental properties.

Experts opined that this move by SEBI will have a significant impact on the growing area ownership sector in the country.

This notice applies to both commercial and residential properties.

New IPO, Crystal Integrated Services

Established in the year 2000, Crystal Integrated Services has been providing various management services such as housekeeping, sanitation, horticulture, mechanical, electrical and plumbing services, waste management, warehouse management, airport management etc. It also offers staffing, payroll management, catering services, etc. As on March 31, 2023, for 134 hospitals, 224 schools, two airports, four railway stations and 10 metro stations, The company provides services.

Financial situation

As of September 30 last year, the revenue of the company was Rs 455 crore. Profit after tax is Rs 20 crore.

Commencement Date : 14.03.24

Closing Date : 18.03.24 Listing Date : 21.03.24

Listed Market : BSE, NSE,

Share price: Rs.680-715

The face value of the share is Rs.10

New stock

Sales : Rs.175 Crores

Partners

Stock Sale : Rs. 125 crores

to be accumulated

Funding: Rs.300 crores

Qualcomm Chairman Gautam Adani meeting

Renowned businessman Gautam Adani met CEO of 'Qualcom' Cristiano Aman.

During the meeting, the two reportedly discussed India's semiconductor and artificial intelligence capabilities.

Qualcomm, the world's leading semiconductor manufacturing company, has set up a new design center at Ramanujan IT City, Chennai.

The new design center is expected to be inaugurated by the company's CEO, Cristiano Amann, the day after tomorrow. It is expected that 1,600 jobs will be created through this new center.