Sebi issues rules for depositary receipts on REITs and InvITs units
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
India's market regulator has unveiled a new framework enabling foreign investors to invest in REITs and InvITs, aiming to boost foreign capital in these sectors. To issue depositary receipts, REITs and InvITs must gain approvals from both local and international exchanges…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe new framework could broaden foreign capital inflows into Indian REITs and InvITs.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01India's market regulator has unveiled a framework enabling foreign investors to invest in REITs and InvITs.
- 02To issue depositary receipts, REITs and InvITs must gain approvals from both local and international exchanges.
- 03Any fresh offerings require a minimum of 75% consent from unitholders.