Summary
SEBI has issued a circular setting out a framework for issuing depository receipts against REIT units, alongside a parallel framework for InvIT units. The receipts can be listed on international exchanges in permitted jurisdictions, subject to eligibility and pricing conditions.
What it means for you
REITs get a new route to raise money from overseas investors, including NRIs, through receipts listed abroad.
This summary is general information, not legal advice. The outcome of any case depends on its facts; read the source and take advice before acting.
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