InvITS News
Under the proposal, minimum allotment and trading lot for publicly issued REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) will be reduced.
The Securities and Exchange Board of India (Sebi) has also amended the definition of valuer for both REITs and InvITs.
Those under scanner include over 300 listed companies as also hundreds of unlisted entities and individuals, suspected to be misusing the stock exchange platform for tax evasion, among other wrongdoings, a senior official said.
Pension fund managers will now have more investment options, with InvITs finally becoming a reality after two years and REITs in the offing.
The Reserve Bank on Thursday allowed banks to invest in Real Estate Investment Trust (REITs) and Infrastructure Investment Trusts (InvITs), a move that will help revive the cash-starved infrastructure sector.
To make real estate and infrastructure investment trusts more attractive for investors, regulator Sebi has notified norms allowing mutual funds to invest their money in such entities.
With an aim to give capital markets a big push, regulator Sebi is likely to ease out regulations for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), this month.
With Infrastructure Investment Trusts (InvITs) failing to catch due attention, markets watchdog Sebi plans to ease rules, including by reducing mandatory sponsor holding to hold 10 percent.
Sebi is also gearing up for significant steps to deepen the corporate bond market to develop a market-based financing framework for companies, while it also expects instruments like Muni Bonds and Infrastructure Investment Trusts (InVITs) to get a leg-up in financial year 2016-17, beginning April 1.
The new norms for Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs), instruments that will help attract more funds into these key sectors, was approved by the board of Sebi on Sunday.
According to RBI, the fair value of the rupee is in the 60-62 range.
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