Sebi to relax REIT, portfolio manager norms to woo investors
Regulator Sebi has lined up wide-ranging relaxations to its norms for REITs while an easier set of compliance rules is in the works for foreign fund managers keen to relocate to India. Among the changes, which would be considered by Sebi at its next board meeting scheduled for this week, the regulator is looking to make Real Estate Investment Trusts (REITs) more attractive to investors by allowing them to invest a large portion of funds in under-construction assets. Besides, REITs would be allowed to have a larger number of sponsors, while regulations regarding the minimum public offer size and related party transactions could also be eased, a senior official said.
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