Markets regulator Sebi on Friday decided to further relax in norms for REITs and InvITs in a bid to make these instruments more attractive for raising capital.
•    Sebi had notified the REIT and InvIT Regulations in 2014, allowing setting up and listing of such Trusts, which are very popular in some advanced markets.
•    No single Trust has been set up as yet as investors wanted further measures, including tax breaks, to make these instruments more attractive.
•    Sebi has granted approval to three companies - IRB Infrastructure, GMR and MEP Infrastructure - to launch InvITs.
•    While the government provided for certain tax benefits in the Budget this year, Sebi board has now decided to amend REITs and InvIT regulations.
•    It allowed REITs and InvIT to invest in two-level (special purpose vehicle) structure through holding company.

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