Sebi issues detailed rules for depositary receipts on REIT, InvIT units
The framework, proposed in August to attract more foreign capital to these sectors, was approved by the Securities and Exchange Board of India in September

Any fresh issue of depositary receipts will require approval from at least 75% of unitholders | Image: Bloomberg India's markets regulator on Monday issued a depositary receipts framework to let foreign investors buy into real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) through select overseas exchanges. The framework, proposed in August to attract more foreign capital to these sectors, was approved by the Securities and Exchange Board of India in September.








