FPIs are allowed to invest in debt instruments issued by REITs and InvITs on repatriation basis: RBI
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- By Chetan Kulasri
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- Last Updated on 23 October, 2021
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Notification No. FEMA.396(1)/2021-RB, Dated: 13.10.2021
The Reserve Bank of India (RBI) has notified the Foreign Exchange Management (Debt Instruments) (First Amendment) Regulations, 2021. The amendment has been made in Schedule 1 of the Foreign Exchange Management (Debt Instruments) Regulation, 2019 whereby Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvITs) are included in the list of permissible securities that can be purchased by Foreign Portfolio Investors (FPIs). This amendment would allow FPIs to invest in debt instruments issued by REITs and InvITs on a repatriation basis subject to the terms and conditions specified by SEBI and Reserve Bank.
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