"In order to facilitate growth of InvITs and REITs, Sebi Board has approved allowing them to raise debt capital by issuing debt securities. It has also introduced the concept of strategic investor for REITs on similar lines of InvITs and allowed single asset REIT on similar lines of InvIT," the markets regulator said in a statement.
It has allowed REITs to lend to underlying holding company or special purpose vehicle (SPV), the statement said.
The Sebi Board also decided to have more consultations with stakeholders on a proposal to allow REITs to invest at least 50 per cent of the equity share capital or interest in the underlying holding company or SPVs, and similarly allowing the holding company to invest at least 50 per cent of the equity share capital or interest in the underlying SPVs, it added.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
This website uses cookies.
