The Securities and Exchange Board of India (Sebi) has authorized the issuance of Depository Receipts for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to increase foreign investment. This new framework allows these investment vehicles to issue fresh units for DRs, mandatory for non-Indian residents, and enforces strict compliance with prior unitholder approval as well as pricing and reporting guidelines.
This is a short summary. The full article is published by ET Realty — click above to read it on their website.
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