Sebi vs Hindenburg: No relationship between Dhaval Buch, Blackstone's REITS

A decade ago, Sebi approved a long-pending proposal to introduce REITs in India, creating a new investment avenue for institutional investors, wealthy individuals, and eventually ordinary investors

There is no relationship between the real estate investment trust (Reit) floated by the US-based private equity (PE) major Blackstone and its senior advisor Dhaval Buch, husband of Securities and Exchange Board of India (Sebi) Chairperson Madhavi Puri Buch, according to a senior source at Blackstone.

The source was responding to Hindenburg Research allegations that Dhaval had not worked for a fund in real estate or capital markets before, based on his LinkedIn profile.

The source said that Dhaval has been a senior advisor to Blackstone PE since 2019, and his appointment has been public knowledge. He