Sebi allows REITs, InvITs to tap overseas investors through depository receipts
Sebi has established frameworks allowing real estate investment trusts and infrastructure investment trusts to issue foreign currency denominated depository receipts. This initiative enables them to access capital from overseas markets through international exchanges in GIFT City. To issue depository receipts, unitholder approval will be required, with a majority supporting such moves. Certain restrictions and conditions will...
Key Takeaways
- Sebi has established frameworks allowing real estate investment trusts and infrastructure investment trusts to issue foreign currency denominated depository receipts.
- This initiative enables them to access capital from overseas markets through international exchanges in GIFT City.
- To issue depository receipts, unitholder approval will be required, with a majority supporting such moves.
Sebi has established frameworks allowing real estate investment trusts and infrastructure investment trusts to issue foreign currency denominated depository receipts. This initiative enables them to access capital from overseas markets through international exchanges in GIFT City. To issue depository receipts, unitholder approval will be required, with a majority supporting such moves. Certain restrictions and conditions will apply to participating trusts and existing unitholders.
Original Publisher Attribution
This summary was curated from Economic Times.