https://www.taxtmi.com/circulars?id=70067 Permitted use of fresh borrowings by an InvIT where net borrowings exceed forty-nine percent of asset value includes capital expenditure for asset performance enhancement or capacity augmentation, major maintenance expense for road projects under concession agreement obligations, and refinancing of eligible debt. In refinancing cases, only the principal portion of debt may be refinanced, while accumulated interest, charges and fees are excluded. The circular applies immediately. en-us Fri, 15 May 2026 00:00:00 +0530 Fri, 15 May 2026 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70067 Permitted use of fresh borrowings by an InvIT where net borrowings exceed forty-nine percent of asset value includes capital expenditure for asset performance enhancement or capacity augmentation, major maintenance expense for road projects under concession agreement obligations, and refinancing of eligible debt. In refinancing cases, only the principal portion of debt may be refinanced, while accumulated interest, charges and fees are excluded. The circular applies immediately. Circulars SEBI Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70067