Free Demo Request

Investment in the units of an infrastructure investment trust (InvIT) by sponsor CIC-NDSI

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

 

High-volume of Loyal
and Trusted Customers!

We feel pride in offering our customers the wide range of products of the top leading brands of the world.

BCG
Binani
Godrej
Induslnd Bank
Indian Oil
ITC Limited
Jindal Steel Power
Milton
Paharpur
Philips
Reliance
TATA Chemicals Limited
The Times of India
Wipro
Yamaha
Dalmia Bharat Cement
JCB
Pernod Ricard