Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 Chapter V INVESTMENT CONDITIONS, RELATED PARTY TRANSACTIONS, BORROWING AND VALUATION OF ASSETS
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InvIT borrowing limits and credit rating conditions govern debt issuance, further leverage, and compliance restoration after market-driven breaches. An InvIT with listed units may issue debt securities only in the prescribed manner and with listing on a recognized stock exchange. Consolidated borrowings and deferred payments of the InvIT, holdco and SPVs, net of cash and cash equivalents, must not exceed seventy per cent of InvIT asset value. Further borrowing beyond twenty-five per cent is subject to credit rating, unit holder approval, use-of-funds limits, a distribution track record, and enhanced approval requirements, while market-driven breaches must be reported and cured within six months.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
InvIT borrowing limits and credit rating conditions govern debt issuance, further leverage, and compliance restoration after market-driven breaches.
An InvIT with listed units may issue debt securities only in the prescribed manner and with listing on a recognized stock exchange. Consolidated borrowings and deferred payments of the InvIT, holdco and SPVs, net of cash and cash equivalents, must not exceed seventy per cent of InvIT asset value. Further borrowing beyond twenty-five per cent is subject to credit rating, unit holder approval, use-of-funds limits, a distribution track record, and enhanced approval requirements, while market-driven breaches must be reported and cured within six months.
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