SEBI lets REITs and InvITs raise foreign funds via depository receipts
In short
SEBI allowed REITs and InvITs to raise foreign money through depository receipts. It also cut the cooling-off period for privately listed illiquid InvITs using an offer for sale to eight weeks from 12 weeks.
This matters because it could make it easier for these structures to attract overseas capital and do deals. The report does not say when the change starts or how much money could come in.
What the reporting says
SEBI has allowed REITs and InvITs to raise foreign funds through depository receipts. BusinessLine also says the regulator has separately reduced the cooling-off period for privately listed illiquid InvITs using an offer for sale to eight weeks from 12 weeks. The report does not say when the rule takes effect or how much capital could be raised.
Why it matters
SEBI has allowed REITs and InvITs to raise foreign funds through depository receipts, and separately cut the cooling-off period for privately listed illiquid InvITs using an offer for sale to eight weeks from 12 weeks. The reporting points to a regulatory easing for infrastructure and real estate investment vehicles. The immediate effect could be improved fundraising flexibility, but the report does not specify implementation timing or expected capital inflows.