(NAREDCO), an apex body formed under the aegis of Ministry of Housing & Urban Affairs, in a letter to Economic Affairs Secretary Atanu Chakraborty, has recommended that continuation of dividend exemption in the hands of the unit holders will help in de-stressing the banking system.
Challenges in the economy are changing the manner in which PE capital is deployed
Fund managers have infused Rs 451 crore in real estate investment trusts (REITs) and Rs 8,528 crore in infrastructure investment trusts (InvITs), according to the SEBI.
During the meeting, the regulator found that "the participants were keen on emerging areas such as REITs (real estate investment trusts) and InvITs, (infrastructure investment trusts) which have more than $10 billion asset size as on today".
According to the Crisil, the amendments in InvIT regulations by the Sebi has accelerated adoption of the financial instrument as an asset class.
The minimum value of a single lot should be Rs 1 lakh in the case of InvITs. Markets regulator Sebi on April 23 came out with guidelines for determination of allotment and trading lot size for REITs and InvITs. Sebi norms pertaining to REITs and InvITs were amended on April 22.
The regulator, in December, had allowed these trusts to raise funds by issuing debt securities in order to make them attractive to investors.
The CEO & MD of India's first infrastructure investment trust believes the present investment limit of a minimum of Rs 5 lakh has to be brought down to attract retail investors
"The strategic investor(s) shall, either jointly or severally, invest not less than 5 per cent and not more than 25 per cent of the total offer size," Securities and Exchange Board of India (Sebi) said in a circular.
RBI notified that banks investing in such firms must have a minimum regulatory capital.
A proposal to amend REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) would be placed before Sebi's board tomorrow in order to facilitate growth of such trusts, an official said.
The open-ended income scheme will invest at least 65 percent in corporate debt/bonds and up to 35 percent in debt and money market instruments
The fund house proposes to offer 3 plans of tenure ranging between 24 and 66 months.
Any delay in resolution reduces the value of assets, increases the cost and keep the capital locked for a long time.
Stating that InvIT fund listing can provide cash-flow relief to the cash-starved sector, India Rating in a report today said the companies which are likely to deleverage by using the InvIT route this year are Sterlite Power Grid Ventures, Rinfra, and IL&FS Transportation Networks.
The first four infrastructure investment trusts (InvITs), which are likely to hit the primary markets this fiscal, may bring down the overall debt of sponsor groups by nearly Rs 13,000 crore, according to India Ratings and Research (Ind-Ra).
Ever since the introduction of the SEBI (Real Estate Investment Trusts) Regulations and SEBI (Infrastructure Investment Trusts) Regulations in 2014, the market regulator and the government of India have initiated a number of reforms R
Welcoming the RBI’s decision to allow banks to invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), realty sector experts said this move will give the much-needed boost to the industry R
While REIT would help developers unlock value from their leased out assets, it would also provide a much-needed entry and exit vehicle for the global institutional investors.
According to India Ratings & Research, infrastructure deals, especially in road sector, in the form of Infrastructure Investment Trusts (InvITs), is likely to gain traction in 2017. “We estimate Rs 0.4 trillion (Rs 400 R
Funds amounting to Rs 400 billion will be raised by the infrastructure sector through mergers and acquisitions as well as InvITs, this year, contributing to about 12 percent of the total equity requirement in this industry, says a report.
The Securities and Exchange Board of India (SEBI) in its meeting on Saturday took steps to popularise new investment vehicles like REITs and InvITs.
Among the proposed measures that are to be considered by Sebi board at its meeting today is allowing mutual funds to invest in a new class of 'alternative securities', which would initially comprise real estate and infrastructure investment trusts, a senior official said.
Also among the proposed measures, which are to be considered by Sebi board during its meeting on January 14, is allowing mutual funds to invest in a new class of 'Alternative Securities', which would initially comprise of Real Estate and Infrastructure Investment Trusts.
The real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) can help raise close to Rs 50,000 crore in the near-term, given the interest shown by certain players in the infra and real estate space, according to a report.