The Securities and Exchange Board of India, or Sebi, on Wednesday released norms for public issue of units of infrastructure investment trusts, or InvITs, in an effort to make it easier for cash-starved developers to raise capital from the public.
With this, Sebi has cleared the path for developers to go ahead with the launch of InvITs, industry experts said.
Several firms such as IRB Infrastructure Developers Ltd, IL&FS Transportation Networks India Ltd, MEP Infrastructure Developers Ltd and Sterlite Technologies Ltd have expressed their intention to consider InvITs as a way to unlock capital.
