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Sep 24, 2016
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Sebi eases norms for REITs, InvITs
Securities and Exchange Board of India (Sebi) in its board meeting held on Friday approved amendments in the regulations to facilitate growth of Infrastructure Investment Trusts (InvIT) and Real Estate investment Trust (REIT).
Among the top amendments approved — REITs are allowed to invest up to 20% in under- construction assets.
Sebi allowed REIT to invest in two level SPV structure through holding company (Holdco), subject to sufficient shareholding in the Holdco and the underlying SPV and other safeguards.
Source -
http://www.financialexpress.com
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