Listed Or Unlisted InvITs – Which Way To Go? : Resolut Partners Analysis

Unlisted InvITs could be considered with an open mind because of the significant operational flexibilities the product offers.

A crane. (Source: Vijay Sartape/BQ Prime)

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Resolut Partners Update

Infrastructure investment trusts have clearly come a long way and have their foundation in the Indian real estate investment trusts regime. It was in 2007 that the Securities and Exchange Board of India had first thought of a REIT regime under the mutual funds umbrella.

Real estate mutual fund regime was introduced in 2008 amending the SEBI Mutual Funds Regulations, but never took off due to the over-prescriptive nature of the regulations.

Nevertheless, a pathway was laid for a sophisticated investment vehicle that could attract institutional investors to listed real estate assets.

With this background, this alert by Resolut Partners focusses on -

  • Evolution of InvITs – resurgence and success

  • Debate between private listed and unlisted InvITs – which way to go?

  • Unlisted InvITs remain attractive for investors seeking tax optimal returns and deregulated landscape

  • Perception that unlisted InvITs have lost SEBI’s favour may not be accurate.

Resolut Partners - Listed-or-Unlisted-InvITs-Resolut-Partners-1.pdf
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DISCLAIMER

This alert does not constitute legal advice and is for information purpose only. This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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