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Mindspace REIT manager settles SEBI allegations for 68.73 lakh rupees

K Raheja Investment Managers has settled allegations of violating SEBI norms by paying Rs 68.73 lakh. The allegations included errors in calculating Net Distributable Cash Flows (NDCF) at the Special Purpose Vehicle (SPV) level, incorrect disclosures in reports, and improper fund distributions despite negative cash balances. The settlement order was issued on November 28.
Moneycontrol
Mindspace Business Parks REIT IND
Regulatory & Legal, Press Release
13:23 28.11.2024
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