Business Today
Loading...

Sebi allows REITs, InvITs to list on stock exchanges operating in IFSC

In a circular, Sebi said units of InvITs and REITs meeting certain conditions may be permitted to list on stock exchanges operating in the IFSC

twitter-logoPTI | September 17, 2020 | Updated 09:49 IST
Sebi allows REITs, InvITs to list on stock exchanges operating in IFSC
Such units should be regulated by the securities market regulators in the permissible jurisdictions

The markets regulator Securities and Exchange Board of India (Sebi) on Wednesday allowed emerging investment vehicles -REITs and InvITs - to list on stock exchanges operating in the International Financial Services Centre (IFSC).

Besides, the watchdog has asked bourses in the IFSC to evolve a detailed framework prescribing the initial and continuous listing requirements for Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) whose units are proposed to be listed.

In a circular, Sebi said units of InvITs and REITs meeting certain conditions may be permitted to list on stock exchanges operating in the IFSC.

Such units should be regulated by the securities market regulators in the permissible jurisdictions.

Also read: Share Market News Live: Sensex drops 180 points, Nifty at 11,540; Axis Bank, SBI, NTPC top losers

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close