Page 5 - Invits

REITs, InvITs with net worth of Rs 100 cr or higher can issue CPs: Sebi

Capital markets regulator Sebi on Thursday allowed emerging investment vehicles, Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT), to issue commercial papers. This is subject to certain conditions, the Securities and Exchange Board of India (Sebi) said in two separate circulars. The move came after Reserve Bank Commercial Paper Directions last month indicated that InvIT and REIT having net worth of at least Rs 100 crore are eligible to issue commercial paper. The capital markets regulator said that REITs and InvITs may issue listed commercial papers. This is subject to certain conditions, including, REITs and InvITs need to abide by the guidelines prescribed by Reserve Bank of India (RBI) for issuances of commercial papers and follow the conditions of listing norms prescribed by Sebi. The issuance of listed CPs should be within the overall debt limit permitted under the REITs and InvITs rules, Sebi said. Commercial Paper or CP in market parlance refe

Govt won't sponsor roads sector InvITs; plans to bring retail investment

InvITs are collective investment vehicles that allow direct investments from individual and institutional investors in infrastructure projects, and give them a small portion of the income in returns

Sebi overhauls preferential allotment rules for REITs, InvITs

Sebi on Monday overhauled the pricing norms for preferential allotment of units by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Under the new framework, the pricing formula for allotment of units under preferential issue would be the Volume-Weighted Average Price (VWAP) of weekly highs and lows for 90 trading days or 10 trading days, whichever is higher. At present, the pricing formula in a preferential allotment is the VWAP of the last two weeks or the last 26 weeks, whichever is higher. The preferential issue of units to "institutional investors" not exceeding five will have to be made at a price not less than the 10 trading days' VWAP of the related units quoted on a stock exchange preceding the relevant date, according to two separate circulars. The regulator said the preferential issue of units would not be made to any person who has sold or transferred any units of the issuer during the 90 trading days preceding the relevant date. At th

Highways InvIT to be open for retail investors, says Nitin Gadkari

Govt to approach capital markets next month to raise funds for four road projects: Gadkari

Sebi gives UPI payment option to invest in public issues of REITs, InvITs

The capital markets regulator in January 2019 laid down the process for payment for applications in the public issue of units of these new investment instruments through the facility of ASBA.

Indian Highway Concessions looks to raise Rs 910 cr via private placement

InvITs comprises a portfolio of infrastructure assets such as highways and power transmission assets.

GAIL submits new InvIT proposal to monetise Rs 5,000-crore assets

The last PPPAC meeting was in December, according to its website and there is no clarity on when the next one will be held

Sebi amends InvITs rule; specifies draft filing fees for IPO, rights issue

Capital markets regulator Sebi came out with a new norm to implement draft filing fees to be paid by infrastructure investment trusts (InvITs) for initial offer and rights issue.

Govt seeks to replicate NHAI success with InvITs at railways and ports

Plans more launches in FY23; gas pipelines, other sectors also on radar

IL&FS to distribute Rs 20,000 cr proceeds to creditors by March end

The decision of interim distribution was taken because the group is expected to have a considerable amount of distributable assets, both in cash and InvITs, by March

Sebi allows virtual annual meetings for InVITs, REITs till June 2022

InvITs and REITs are required to upload the transcript on their respective websites as soon as possible after the conclusion of the meetings

EPFO empowers advisory body to take a call on investment in InvITs, bonds

The decision was taken at the 229th meeting of the Employees' Provident Fund Organisation's apex decision making body

FPIs can invest in debt securities issued by InvITs, REITS: RBI circular

The Reserve Bank on Tuesday said FPIs have been permitted to invest in debt securities issued by Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) by FPIs

Expect 6-8 Gw of renewable projects in the market soon: Virescent CEO

India's first renewable InvIT raised Rs 400 crore recently; CEO Sanjay Grewal says there is enough capital to support their investment strategy

Sebi tweaks norms for REITs, InvITs on exit option for dissenting holders

Sebi has tweaked regulations for REITs and InvITs regulations with respect to exit option for dissenting unit holders in various scenarios, including acquisition and change in sponsors

Street signs: Index inclusion setback for REITs, Paras IPO in demand & more

Shares of Brookfield India REIT fell close to 9 per cent in two sessions, while Embassy Office Parks REIT declined more than 5 per cent

Streamline investment for insurance, pension funds in InvITs: NITI Aayog

A staggered approach should be followed for streamlining of investment guidelines and limits to keep pace with the growth in the InvIT market, it suggested

NITI Aayog suggests tax sops for investment in Infra Investment Trusts

Niti Aayog has suggested to the government to provide tax incentives for investment in InvITs, and bring them under the IBC to attract retail as well as institutional investors

REITs, InvITs to be part of Nifty indices from September 30: NSE

The changes shall become effective from September 30

REITs, InvITs to be included in Nifty indices from September 30: NSE

Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts will be included in the Nifty indices from September 30, according to new eligibility criteria announced by the NSE