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RBI/2017-18/189
DNBR (PD) CC.No.093/03.10.001/2017-18
June
07, 2018
Systemically Important Core
Investment Companies (CIC-NDSI)
Madam/ Sir,
Investment in the units of an
infrastructure investment trust (InvIT)
by sponsor CIC-NDSI
In order to enable Systemically
Important Core Investment Companies (CIC-NDSI) to act as a sponsor of
InvITs, it has been decided to permit CIC-NDSIs to hold InvIT units only as
a sponsor. Exposure of such CICs towards InvITs shall be limited to their
holdings as sponsors and shall not, at any point in time, exceed the
minimum holding of units and tenor prescribed in this regard by SEBI
(Infrastructure Investment Trusts) Regulations, 2014.
2. The above holdings of InvIT
units shall be reckoned as investments in equity shares in group companies,
for the purpose of compliance with the norms prescribed at paragraphs 2(1)
(i) & (ii) of the Master Direction - Core
Investment Companies (Reserve Bank) Directions, 2016 as updated
from time to time.
3. The aforesaid Master
Direction has been updated accordingly.
Yours faithfully
(Manoranjan Mishra)
Chief General Manager
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