Regulatory Alerts2026-05-15
Added
Status of SPVs post conclusion or termination of Concession Agreement
An amendment to Regulation 2(1)(zy)(ii) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014, specifies that the conclusion or termination of a concession agreement does not affect an SPV's status as an SPV, subject to conditions set by the Board. Investment Managers must exit the investment or acquire a new infrastructure project within one year from the later of the agreement's termination, resolution of pending claims, or completion of the defect liability period, excluding time for obtaining statutory approvals. Until such exit, Investment Managers must provide detailed disclosures in the InvIT's annual report, including asset/liability breakdowns, contingent liabilities, debt repayment schedules, and a clear exit strategy.
More like this from SEBI
We email you every new SEBI publication the day it's published.