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FPIs still waiting for RBI regulations on investments in InvITs, REITs

The norms for FPI investments in InvITs were relaxed in the July 2019 Budget session

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Amritha Pillay Mumbai
Ahead of Finance Minister Nirmala Sitharaman’s Budget announcements on Saturday, Indian companies flag some of the promises made in the last Budget that remain unfulfilled. Foreign Portfolio Investors (FPI)s, for instance, still await guidelines by the Reserve Bank of India (RBI) for investments in debt securities issued by infrastructure investment trusts (InvITs) and Real Estate Investment Trusts (REITS).
“Last Budget, the finance ministry announced that FPIs would be allowed to invest in debt securities issued by InvITs and REITs, but the guidelines of the same has not yet been issued,” said Harsh Shah, chief executive for India Grid Trust

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First Published: Jan 30 2020 | 11:32 PM IST

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