hBits, a small-medium real estate investment trust (SM-REIT), has received approval from the Securities and Exchange Board of India (SEBI) to launch its IPO to raise up to Rs 5 billion. Further, the trust plans to issue its initial public offering (IPO) by June 2025. Additionally, it is planning to transfer its existing portfolio of assets into SM-REIT structure. The platform is looking to expand its asset under management (AUM) to Rs 20 billion by March 2026.
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