The Securities and Exchange Board of India (SEBI) approved the setting up of real estate investment trusts (REITs). Final guidelines were issued after a meeting of the capital market regulator's board in New Delhi on Sunday.
Bhairav Dalal, associate director, PwC India said, "We would have to wait for the release the final regulations to check if REITs would be allowed to invest in LLPs.
We expect this to be a positive move for the Indian capital markets and could also free up some liquidity for real estate and infrastructure players."
Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.