RBI revises InvIT and REIT valuation rules for all-India financial institutions
The Economic Times reports that units of trusts that fail to meet prescribed net asset value disclosure requirements, or are classified as infrequently traded, will be valued at Re 1 under the rules.
TLDR
The Reserve Bank of India has introduced separate valuation provisions for quoted and unquoted units of infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) held by all-India financial institutions, The Economic Times reports. Unquoted units will generally be valued at disclosed net asset value (NAV). Units of trusts that fail to meet prescribed NAV disclosure requirements, or are classified as infrequently traded, will be valued at Re 1 for the purposes of the directions.
Combined views
7.7K
1 Source, first seen ago