Reliance Infrastructure gets Sebi nod to launch infrastructure investment trust
Reliance Infrastructure on Friday said it has received capital market regulator Sebi's clearance to launch an infrastructure investment trust (InvIT).
"The Securities and Exchange Board of India (Sebi) has granted the certificate of registration...To Reliance Infrastructure InvIT Fund," the Anil Ambani-led company said in a statement.
With a view to help infra developers mop up funds for long-term projects in a more transparent manner, Sebi had in August 2014 introduced InvITs -- an investment vehicle that would enable promoters to monetise completed assets.
ALSO READ: Reliance Infra's net profit rises by 7% to Rs 439 crore
Reliance Infrastructure (RInfra) would sponsor the fund which will carry out the activities as an InvIT.
RInfra is one of the leading infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads and metro rail in the infrastructure space as well as the defence sector.
The market watchdog has already granted InvIT licenses to IRB Infrastructure, GMR and MEP Infrastructure.
ALSO READ: Reliance Infra to sell its transmission business to Adani
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
80% return in one year: Brokerage suggests buying this Maharatna PSU stock for 2-3 days, check target
Lok Sabha elections 2024 Phase 4: Voting date, timing, states, union territories, seats, key candidates and constituencies | LS Polls
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
Akshaya Tritiya bank holiday or not Basava Jayanti 2024 festival date Banks closed or open tomorrow may 10 friday check out state-wise full list
01:12 PM IST