Regulatory Alerts2026-05-15
Added
Permitted use of fresh borrowings for InvITs where Net Borrowings exceeds forty-nine percent of the value of InvIT assets
The Securities and Exchange Board of India (SEBI) amends Regulation 20(3)(b)(ii) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014, to expand permissible uses of borrowings exceeding forty-nine percent of InvIT asset value. Permissible uses include capital expenditure for enhancing asset performance or capacity augmentation, major maintenance expenses for road projects as defined by the Ministry of Finance, and refinancing of debt principal subject to specific conditions. The refinancing must involve debt originally utilized for permitted purposes, and only the principal portion may be refinanced, excluding any accumulated interest, charges, or fees. This circular comes into force with immediate effect.
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