New Delhi : Reliance Infrastructure and Sterlite Power Transmission have proposed to set up infrastructure investment trusts (InvITs) for which they have filed draft papers with markets regulator SEBI. Besides, Embassy Office Parks has approached Securities and Exchange Board of India (SEBI) to launch real estate investment trust (REIT). After getting approval from SEBI, Reliance Infra and Sterlite Power Transmission will float Reliance Infrastructure InvIT Fund and Sterlite Power Transmission Trust, respectively.
SEBI has already granted approvals to 3 companies – IRB Infrastructure, GMR and MEP Infrastructure, to launch trusts, reports PTI. InvITs and REITs was introduced to help infra developers mop up funds for long-term projects in a more transparent manner.
