Sebi receives four applications for infrastructure investment trusts; two cleared

The country may soon get its very first Infrastructure Investment Trusts (InvITs), with the markets regulator Sebi approving two of the four applications received by it for setting up such entities. “We have received four applications for registration in InvITs so far. We have already cleared two of them,” Sebi chairman U K Sinha said here today. He said the two other proposals had certain shortcomings and the regulator has accordingly advised the applicants on how to deal with it.

Read more: Economic Times