Street signs: Index inclusion setback for REITs, Paras IPO in demand & more

Shares of Brookfield India REIT fell close to 9 per cent in two sessions, while Embassy Office Parks REIT declined more than 5 per cent

Index inclusion setback for REITs
 
Shares of two leading real estate investment trusts (REITs) came under selling pressure after NSE indices revoked its decision to hand them in its indices. The arm of NSE said the decision was taken following some concerns raised by stakeholders, without divulging much details.
 
“These are being examined and a final decision regarding inclusion of REITs/ InvITs will be taken after completion of review and discussions with stakeholders,” it said.
 
Shares of Brookfield India REIT fell close to 9 per cent in two sessions, while Embassy Office Parks REIT declined more than