BSEPropshare Titania SM REIT - IPO (Second scheme of the Property Share Investment Trust)HighNegative
Announced Fri, 14 Aug, 2026 · 16:49 IST
MSEDCL demand of Rs 46.27 cr against G Corp Tech Park; REIT contests in HC
Price reaction
Awaiting price reaction for this filing.
AI summary
MSEDCL demanded Rs 46.27 crore from G Corp Tech Park Condominium, of which PropShare Titania's SPV is a member, over alleged unauthorized electricity sub-metering for about 116 months. The order is on the Condominium, not the REIT. A writ petition was filed in Bombay High Court to challenge it. Electricity supply is uninterrupted, consumption charges paid in full, and no provision made as liability is not probable.
Likely market impact
Demand is on the Condominium, not the REIT. REIT is contesting in court and considers liability not probable. Watch for case outcome.