Permitted use of fresh borrowings for InvITs where Net Borrowings exceeds forty-nine percent of the value of InvIT assets

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....sitories All Recognized Stock Exchanges Madam / Sir, Subject: Permitted use of fresh borrowings for InvITs where Net Borrowings exceeds forty-nine percent of the value of InvIT assets 1. Regulation 20(3)(b)(ii) of SEBI (Infrastructure Investment Trusts) Regulations, 2014 ("InvIT Regulations") was amended on April 17, 2026 to expand the permissible use of borrowings above forty-nine per....

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....ember 19, 2025 and shall include any amendments or additions made thereto. 2.3. Refinancing of debt, by the InvIT, SPV or Holdco, subject to the following conditions: 2.3.1. the original debt which is being refinanced was utilized for the purposes permitted under Regulation 20(3)(b)(ii) of the InvIT Regulations; 2.3.2. only the principal portion of debt is refinanced i.e....