SEBI warns investors of Strata SM REITS as it surrenders registration
The Hindu
SEBI warns investors of Strata SM REITS surrendering registration, following legal proceedings against the promoter.
Securities and Exchange Board of India (SEBI) warned investors of Strata SM REITS that the application to surrender registration was accepted by the market regulator.
SEBI’s decision follows “certain news reports and review of certain legal proceedings against the promoter”, according to a statement from SEBI.
“SEBI engaged with Strata SM REIT, its independent director, compliance and other officers and the trustee. Basis the engagement and discussions thereat, Strata SM REIT has surrendered its certificate of registration as an SM REIT and will not hold out or represent itself as a SEBI-regulated intermediary or SM REIT,” SEBI said in its release. Strata has not launched any scheme.
Strata received license for SM REIT in January 2025.
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