Left Menu
Development News Edition

Foreign investors keen on REITs, InvITs: Sebi

PTI | New Delhi | Updated: 07-10-2019 18:24 IST | Created: 07-10-2019 18:24 IST
Foreign investors keen on REITs, InvITs: Sebi

Sebi Chairman Ajay Tyagi and other officials met scores of foreign investors in the US last week and saw keen interest from them in emerging areas such as REITs and InvITs, which have a total asset size of more than USD 10 billion. The interactions with various stakeholders, including industry and investor associations, were held in New York, Boston and Washington DC during the week from September 30 to October 4, markets regulator Sebi said in a statement on Monday.

"We met various stakeholders during the meetings. The participants welcomed various initiatives taken by Sebi," Tyagi said in the statement. During the meeting, the regulator found that "the participants were keen on emerging areas such as REITs (real estate investment trusts) and InvITs , (infrastructure investment trusts) which have more than USD 10 billion asset size as on today".

Several participants also showed interest in the Alternative Investment Fund space with its relaxed foreign investment norms wherein the investments have rises by more than 15 times in the past 5 years. Sebi discussed upcoming regulatory measures related to frameworks for issuing depository receipts, direct listing of Indian equities abroad, and regulatory sandbox, among others.

Besides, discussions were also held on recent policy measures taken by Sebi related to various areas such as foreign portfolio investors (FPIs), primary market, secondary market, mutual funds, and corporate bond market. Considering that about a third of the total assets of around USD 450 billion under the custody of FPIs in India are from the US-based FPIs, the Sebi chief emphasised the importance of US investments into India especially taking into account the growing partnership between the two countries.

The regulator also said the increasing number of registrations of FPIs every year signifies the sustained interest of the foreign investors in the Indian capital markets. During the meetings, Tyagi briefed the participants on key aspects, trends and recent developments in the India economy from a broader perspective and on Indian capital markets, in particular.

The achievements of both Indian primary markets and secondary markets were brought out in the meetings. This included more than USD 120 billion raised through equity and debt in each of the past two years, market capitalisation of Indian listed firms being in the top-10 global markets, and Indian stock exchanges ranked in top-10 in the number of contracts in equity derivatives.


TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

China tweet that enraged Australia propelled by 'unusual' accounts, say experts

A Chinese officials tweet of an image of an Australian soldier that sparked a furious reaction from Canberra was amplified across social media by unusual accounts, of which half were likely fake, an Israeli cybersecurity firm and Australian...

Mainland China reports 17 new COVID-19 cases for Dec. 4

Mainland China reported 17 new COVID-19 cases on Dec. 4, unchanged from a day earlier, the countrys national health authority said on Saturday.The National Health Commission said in a statement 15 of the new cases were imported infections. ...

South Korea reports 583 coronavirus cases, off 9-month high

South Korea reported 583 new coronavirus infections on Saturday, down from the previous days 629, which was the highest since a first wave peaked in February and early March. Cases have been found largely in the capital Seoul and surroundin...

U.S. government ordered to reinstate protections for 'Dreamers'

In a rebuke to President Donald Trumps administration, a judge on Friday ordered the U.S. government to reopen to first-time applicants a program that protects from deportation and grants work permits to hundreds of thousands of immigrants ...

Give Feedback