Sebi revises InvIT cash flow framework to allow adding back external debt-funded maintenance costs

Sebi now permits InvITs to add back major maintenance expenses for road projects funded by debt. This change allows greater flexibility in managing project needs without reducing investor distributions. Unitholders must approve any new debt raised for major maintenance expenses. InvITs will disclose details of proposed debt and maintenance costs. The revised framework for these infrastructure trusts takes immediate effect.

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