Tag Archives: InvITs

Reliance Infrastructure files papers with Sebi for InvIT

The Anil Ambani controlled Reliance Infrastructure has filed its papers with securities and exchange board of India (Sebi) last week seeking approval for its trust structure. They are starting the documentation process for its draft red herring prospectus (DRHP) from today and plan to finish it by October end,” said the first person mentioned above,… Read More »

RMZ Corp plans REIT by April next year

RMZ Corp, the Bengaluru-based property developer backed by Qatar Investment Authority (QIA), is looking to file a prospectus for a real estate investment trust (Reit) by April next year. The company is looking to list its Reit by the third quarter of 2017, RMZ Corp chairman Raj Menda told Business Standard. “Preparation are at a preliminary… Read More »

Sebi relaxes infra investment trust rules to draw business houses

To help the newly-introduced Infrastructure Investment Trusts (InvITs) gain further traction, markets watchdog Sebi on Wednesday proposed easing of norms for these instruments, including by reducing the mandatory sponsor holding to 10 per cent, from the current 25 per cent. The Securities and Exchange Board of India (Sebi), in 2014, had introduced InvITs — an… Read More »

Infra firms keen on investment trusts, but want more clarity

Infrastructures developers such as IRB, GMR and IL&FS are keen to launch their infrastructure investment trusts after Sebi announced guidelines last week, but may hold their plans for more clarity on disclosure and accounting norms. An infrastructure investment trust (InvITs) offers an opportunity to promoters of projects to sell their stake in completed projects to the… Read More »

REIT-eligible commercial realty market in India estimated at $43-$54 billion

Indian commercial real estate offers investment opportunity worth $43 – $54 billion across the top 8 cities including Mumbai, Delhi-National Capital Region, Bengaluru and Pune through REIT-eligible ready stocks, said a report by RICS and Cushman & Wakefield. Further, it is estimated that approximately 315 million sq ft of office inventory is eligible for REIT across… Read More »

Applying new accounting standards Ind-AS to REITs, InvITs to majorly impact SPV’s financials

The introduction of India’s new accounting standards Ind-AS to REITs or InvITs or their underlying special purpose vehicles, sponsors or asset management companies could have quite a significant impact on their financial statements, says a new report. Ind-AS is likely to change how sponsors and asset managers assess REITs or InvITs for consolidation as well as… Read More »

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… Read More »