To help the newly-introduced Infrastructure Investment Trusts (InvITs) gain further traction, markets watchdog Sebi on Wednesday proposed easing of norms for these instruments, including by reducing the mandatory sponsor holding to 10 per cent, from the current 25 per cent. The Securities and Exchange Board of India (Sebi), in 2014, had introduced InvITs — an investment vehicle which would enable promoters to monetise completed assets — to make it easier to raise funds for infrastructure projects.
Read more: Economic Times
