Tuesday, September 19, 2017

Indian regulator promotes investment in Reits, InvITs

Insurers in India are now allowed to invest more in real estate investment trusts (Reits) and infrastructure investment trusts (InvITs).

This, after the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India relaxed regulations on how insurers should invest in these trusts.

Following the easing, the Insurance Regulatory Development Authority issued a regulation allowing such investments

India does not presently have a listed Reit but it does have a couple of InvITs, such as IRB InvIT Fund and Sterlite Power’s India Grid Trust InvIT.

The country may be seeing its first Reit listing this September, with some players such as Blackstone Group, Singapore’s GIC and Brookfield Asset Management expressing their interest in participating.

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