SEBI’s Public Float For Private Unlisted InvITs – Regulatory Overreach

Just as unlisted InvITs became the flavour, SEBI has significantly eroded the very idea & lucrativeness with its recent amendments

Ruchir Sinha &
Shreyas Bhushan

14 Sep 2021, 09:09 AM IST

<div class="paragraphs"><p>Workers labour on reinforcing steel at a flyover construction site in Patna. (Photographer: Anindito Mukherjee/Bloomberg)</p></div>

Workers labour on reinforcing steel at a flyover construction site in Patna. (Photographer: Anindito Mukherjee/Bloomberg)

Infrastructure development has been one of the focal points for the Narendra Modi government. The infrastructure sector in India has historically failed to attract large offshore capital because of various systemic reasons – one of which being the lack of a well-governed tax optimal investment structure. To address this, after years of deliberation, the Securities and Exchange Board of India introduced infrastructure investment trust...

SEBI’s Public Float For Private Unlisted InvITs – Regulatory Overreach

Just as unlisted InvITs became the flavour, SEBI has significantly eroded the very idea & lucrativeness with its recent amendments

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