SEBI Allows REITs and InvITs to List Depositary Receipts at GIFT City
India’s securities regulator has allowed real estate and infrastructure investment trusts to issue depositary receipts backed by their units and list them on exchanges at GIFT City.
The Securities and Exchange Board of India (SEBI) has allowed real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) to issue depositary receipts (DRs) backed by their units and list them on exchanges at GIFT City, opening another route to attract foreign investment.In…