SEBI has, by way of two Notifications dated April 1, 2025, and
April 28, 2025, amended the SEBI (Infrastructure Investment Trusts)
Regulations 2014 (‘InvIT
Regulations'), and by way of a Notification dated
April 22, 2025, amended the SEBI (Real Estate Investment Trusts)
Regulations, 2014 (‘REIT
Regulations'). The key amendments include the
following:
- provision of a three-month timeline for filling independent
director vacancies;
- inclusion of a definition for ‘common
infrastructure' vis-à-vis real
estate investment trusts
(‘REITs');
- expansion of the responsibilities of the trustee;
- permission of inter-se transfers of locked-in units amongst the
sponsor group;
- permission of investments in: (a) interest rate derivatives for
hedging; (b) unlisted equity shares of companies providing project
management services; (c) liquid mutual funds; and (d) equity shares
of companies holding common
infrastructure vis-à-vis REITs;
