InVIT News
As NHAI InvIT will be the first InvIT to be sponsored by any government or semi-government entity in the country, it is important to have a professional management structure for the investment manager.
This amendment would also lead to tax efficiencies as the InvITs/REITs can now issue bonds at a lower cost and lend to SPVs with some margins.
Sebi's board has approved amendment to REITs and InvITs regulations in order to facilitate growth of such trusts, the regulator said in a statement after its board meeting.
Reliance Infrastructure (RInfra) on Wednesday said that RInfra InvIT has received the final approval from securities market regulator SEBI to float its Rs 2,500 crore plus Initial Public Offering (IPO).
Infrastructure Investment Trusts have been exempted from the ambit of acceptance of deposit rules under the companies law, a move that is expected to ease the compliance requirements for the investment vehicle.
Indian mutual funds will be allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), the market regulator said on Saturday, a move aimed at boosting investor interest in such alternative investments.
The government Thursday said minimum alternate tax would be applicable on the real estate and infrastructure investment trusts only when there is actual transfer of their units.
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