Sebi likely to rework REIT rules to lure in FIIs, HNIs Maharashtra : The Securities & Exchange Board of India may amend the dormant guidelines governing real estate investment trusts to lure international investors into investing in them as various arms of the government scramble to defend the sliding rupee.A new set of rules may soon be announced by the regulator which would make it easy for wealthy Indians and international investors to buy into these trusts that provide regular income like bonds or bank deposits, said two people familiar with the development. The new format for the so called REIT will keep away retail investors as such investments with liberal guidelines may not be appropriate for those with less risk appetite.
Posted on: Mon, 22 Jul 2013 04:10:30 +0000
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