SEBI notifies norms allowing REITs
To make REITs and InvITs more attractive to investors, markets regulator Sebi has notified relaxed norms to allow these trusts to raise funds by issuing debt securities. This would be allowed for REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) which are listed
Published -
Dec 28, 2017 4:03 AM
To make REITs and InvITs more attractive to investors, markets regulator Sebi has notified relaxed norms to allow these trusts to raise funds by issuing debt securities. This would be allowed for REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) which are listed on stock exchanges. Further, Sebi has amended REITs and InvITs regulations in order to facilitate growth of such trusts, Sebi said in notifications posted on its website today. According to the regulator, REITs and InvITs, "whose units are listed on a recognised stock exchange, may issue debt securities in the manner specified by the board provided that such debt securities shall be listed on recognised stock exchange(s)".
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