SEBI raised the leverage limits for InVits from 49 to 70%

SEBI raised the leverage limits for InVits from 49 to 70%
04/03/2019 , by , in News/Views

In a bid to attract more investors to investment trusts, market regulator SEBI approved amendments to real estate investment trust (REIT) and infrastructure investment trust (InvIT) rules, giving them more flexibility to raise funds. The Securities and Exchange Board of India (SEBI) raised the leverage limit for InvITs from 49 per cent to 70 per cent.

It also changed norms for valuation of money market and debt securities by mutual funds in order to make the process fairer and uniform across the industry and safeguard investors from defaults. Experts say the step has been taken in view of the IL&FS crisis.

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