SEBI board brings fresh norms under REITs, InvIT
In a move to make the above captioned instruments more attractive for investment, Sebi has now allowed both REITs and InvITs to invest in two level Special Purpose Vehicle (SPV) structure through holding company (Holdco). Such is subject to sufficient shareholding in the Holdco and the underlying SPV.

After extensive public consultation, the market regulator SEBI, has approved certain changes in 'Infrastructure Investment Trusts (InvIT)' and 'Real Estate investment Trust (REIT)', Photo: Wikipedia