FPI investment in debt instruments by REITs and InvITs
The Finance Ministry recently announced various amendments which aim to augment further funding for the infrastructure and real estate sectors by enabling infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) to easily avail debt financing from investors, including foreign portfolio investors (FPIs). While the intent is clear, the question remains whether FPI investment has now been enabled in debt securities issued by REITs and InvITs.
Source: internationallawoffice.com