Sebi issues rules for depositary receipts on REITs, InvITs units

What happened: Sebi issued rules for depositary receipts on REITs and InvITs units. The framework was proposed in August and approved by the SEBI board in September. Why it matters: The framework was proposed to attract more foreign capital to these sectors. REITs and InvITs listing in India and simultaneously issuing depositary receipts must get approval from both the Indian and international exchanges.

Sebi issued rules for depositary receipts on REITs and InvITs units. The framework was proposed in August and approved by the SEBI board in September.

The framework was proposed to attract more foreign capital to these sectors. REITs and InvITs listing in India and simultaneously issuing depositary receipts must get approval from both the Indian and international exchanges.