SEBI allows REITs, InvITs to issue bonds
The Securities and Exchange Board of India (SEBI) on Monday permitted real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) to raise funds via issuing bonds. The move could help attract investors to the capital-starved property sector.
The new rules were announced by SEBI after its board meeting late on Monday. SEBI also allowed strategic investors to participate in REITS, in line with InvITs.