Debt securities issuance by InvITs permitted; such securities must be listed on recognized stock exchanges. Amendments require the valuer to be a 'registered valuer' under the Companies Act, 2013; permit listed InvITs to issue debt securities provided those securities are listed on recognized stock exchanges; confine minimum investment and trading lot rules to 'completed and revenue generating assets'; mandate conversion of compulsorily convertible securities to equity of the holdco or SPV prior to filing the offer document where their holding period was used for offer-for-sale calculations; and add an annual report disclosure on monies lent by the InvIT to its holding company or investee SPV.
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Provisions expressly mentioned in the judgment/order text.
Debt securities issuance by InvITs permitted; such securities must be listed on recognized stock exchanges.
Amendments require the valuer to be a "registered valuer" under the Companies Act, 2013; permit listed InvITs to issue debt securities provided those securities are listed on recognized stock exchanges; confine minimum investment and trading lot rules to "completed and revenue generating assets"; mandate conversion of compulsorily convertible securities to equity of the holdco or SPV prior to filing the offer document where their holding period was used for offer-for-sale calculations; and add an annual report disclosure on monies lent by the InvIT to its holding company or investee SPV.
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