The Indian REITs Association has vehemently rejected the recent allegations made by Hindenburg Research, labeling them as unfounded and misleading. The association underscored the robust regulatory framework imposed on REITs by the Securities and Exchange Board of India (SEBI), which is designed to safeguard investor interests.
REITs in India operate under a stringent regulatory regime that mandates regular reporting, independent valuations, and stringent corporate governance standards. These measures collectively ensure transparency, accountability, and investor protection. The association emphasized that REITs are subject to rigorous oversight and scrutiny, far exceeding the standards of many other asset classes.
The association has also defended SEBI Chairperson Madhabi Puri Buch against the accusations, asserting that the REIT framework is designed to benefit the entire market and promote investor confidence. The REITs Association remains steadfast in its support of the REIT structure and its commitment to upholding the highest standards of corporate governance and investor protection. The association has called for a thorough and impartial investigation into the allegations made by Hindenburg Research to clear the air and restore investor confidence in the REIT sector.
