Sebi proposes relaxed norms for REITs, InvITs to increase access to investors
Sebi has proposed a new set of framework for REITs and InvITs in order to provide flexibility to the issuers in terms of fund raising and increasing the access of these investment vehicles to investors.Under the proposal, minimum allotment and trading lot for publicly issued REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) will be reduced. Besides, it has been proposed that the leverage limit for InvITs will be increased from existing 49 per cent to 70 per cent.Sebi had notified REITs Regulations in 2014, allowing setting up and…
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