Sebi to relax InvIT cash flow distribution rules
Sebi has proposed a relaxation in the net distributable cash flow calculation for road sector InvITs. The regulator will allow debt-funded major maintenance expenses to be added back, addressing industry concerns that current rules discourage project monetization through InvITs. Mumbai: The Securities and Exchange Board of India (Sebi) Monday proposed relaxing its framework for calculating net distributable cash flows (NDCF)…
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