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Infrastructure Investment Trusts regulations revised to expand liquid asset criteria, SPV classification rules, and permitted fund use. Amendments to the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 revise the definition of liquid assets and the special purpose vehicle framework, including treatment of PPP projects, continuation of SPV status after concession agreement termination, and eligibility of specified SPVs under regulation 18. The investment criteria are updated to include units of liquid mutual fund schemes with credit risk value of at least 10 and Class A-I or Class B-I classification, and regulation 20 is expanded to permit use of specified funds for such other purposes as may be specified by the Board.
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Infrastructure Investment Trusts regulations revised to expand liquid asset criteria, SPV classification rules, and permitted fund use.
Amendments to the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 revise the definition of liquid assets and the special purpose vehicle framework, including treatment of PPP projects, continuation of SPV status after concession agreement termination, and eligibility of specified SPVs under regulation 18. The investment criteria are updated to include units of liquid mutual fund schemes with credit risk value of at least 10 and Class A-I or Class B-I classification, and regulation 20 is expanded to permit use of specified funds for such other purposes as may be specified by the Board.
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