Active Stocks
Thu Mar 28 2024 14:29:24
  1. Tata Steel share price
  2. 156.40 2.32%
  1. ITC share price
  2. 432.80 1.12%
  1. HDFC Bank share price
  2. 1,456.05 1.07%
  1. Power Grid Corporation Of India share price
  2. 278.85 2.88%
  1. State Bank Of India share price
  2. 758.30 3.30%
Business News/ Market / Stock-market-news/  Sebi issues draft rules for infrastructure trusts
BackBack

Sebi issues draft rules for infrastructure trusts

Companies would be allowed to set up trusts to monetize infrastructure projects, either through public issue or a private placement

India has ambitious plans to fix its creaky infrastructure, which some analysts estimate would require an investment of $1 trillion (about `60.14 trillion) over five years. Photo: Abhijit Bhatlekar/MintPremium
India has ambitious plans to fix its creaky infrastructure, which some analysts estimate would require an investment of $1 trillion (about `60.14 trillion) over five years. Photo: Abhijit Bhatlekar/Mint

Mumbai: Capital markets regulator Securities and Exchange board of India (Sebi) on Thursday issued draft rules for setting up infrastructure investment trusts that would allow companies to monetize their infrastructure projects.

Among the guidelines, the regulator proposed to allow infrastructure trusts to raise money either through a public issue or a private placement, with a minimum issue size of 2.5 billion rupees.

Sebi has sought public comments on the draft rules by 24 July. For the detailed guidelines, see https://bit.ly/1wzjUzm (PDF).

India has ambitious plans to fix its creaky infrastructure, which some analysts estimate would require an investment of $1 trillion (about 60.14 trillion) over five years.

Earlier this month, finance minister Arun Jaitley had announced tax incentives for REITs (real estate investment trusts) and infrastructure investment trusts in his budget address to attract foreign investment for the sector. Reuters

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 17 Jul 2014, 07:21 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App