SEBI issues draft norms for setting up infrastructure investment trusts to gain more investments

The Securities and Exchange Board of India (SEBI) issued draft rules for setting up infrastructure investment trusts in an attempt to channel more investments into the infrastructure sector. The draft rules come on the heels of the finance minister’s announcement in the recent Union Budget that infrastructure investment trusts (InvITs) would have a similar tax-efficient pass through status for PPP and other infrastructure projects.


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