REITs and InvITs

Operational Modalities for Strategic Investments in REITs And InvITs

In 2014, SEBI notified special laws governing Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) to promote fractional participation over real estate and infrastructural assets. REITs and InvITs were intended to come as a respite to the developers facing a liquidity crunch and to open a new investment product for investors. However, despite…

SEBI Board Meeting in September, 2017: REITs and InvITs

In the board meeting on September 18, 2017, SEBI has approved the following revisions to the Real Estate Investment Trust Regulations (REIT Regulations) and Infrastructure Investment Trust Regulations (InvIT Regulations): Allowed to raise debt capital: The REIT and InvIT Regulations provide that the aggregate consolidated borrowings and deferred payments shall not exceed 49% of the…

SEBI simplifies InvIT norms

SEBI notified the Infrastructure Investment Trusts Regulations (InvIT Regulations) on September 26, 2014 for registration and regulation of InvITs in India. Subsequently, SEBI issued circular to allow investment by foreign portfolio investors and guidelines for public issue of units of InvITs. Pursuant to the feedback received from various market participants, SEBI, in its board meeting…

Procedural Guidelines for InvITs

SEBI, on May 11, 2016, issued procedural guidelines for public issue of units by infrastructure investment trusts (InvITs). The circular applies to InvITs that invest a minimum of 80% of their assets in completed and revenue generating projects, as only these are permitted to undertake public issue of units under the SEBI (Infrastructure Investment Trusts)…

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