
印度市场监管机构周一发布存托凭证框架,允许外国投资者通过部分海外交易所购买房地产投资信托(REITs)和基础设施投资信托(InvITs)的单位。
以下是一些关键细节:该框架于8月提出,旨在吸引更多外资进入这些领域,已于9月获得印度证券交易委员会批准。
存托凭证是由外国机构针对由本地托管人持有的证券发行的外币工具,使其能够在海外市场交易。
India's markets regulator on Monday issued a depositary receipts framework to let foreign investors buy into real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) through select overseas exchanges.
印度证券交易委员会表示,拟在印度上市并同时发行存托凭证的REITs和InvITs必须同时获得印度交易所和相关国际交易所的批准。
任何新发行的存托凭证都需要至少75%的单位持有人批准。
Here are some key details:
框架补充称,为存托凭证发行的单位定价不得低于向印度投资者提供的类似发行价格。
根据InvITs框架,对私人配售InvIT单位的任何新发行存托凭证,只能由外国机构投资者和公司实体认购。
已在印度上市的REITs和InvITs已接受外国投资,但须遵守政府和中央银行的规定。
The framework, proposed in August to attract more foreign capital to these sectors, was approved by the Securities and Exchange Board of India in September Depositary receipts are foreign-currency instruments issued by a foreign institution against securities held with a domestic custodian, allowing them to be traded in overseas markets SEBI said REITs and InvITs proposing to list in India and simultaneously issue depositary receipts must seek approval from both the Indian exchange as well as the international exchange involved Any fresh issue of depositary receipts will require approval from at least 75% of unitholders Units issued for depositary receipts cannot be priced lower than the price offered to Indian investors for a similar offering, the framework adds Any fresh issue of depositary receipts on units of a privately placed InvIT can be subscribed to only by foreign institutional investors and corporate bodies, as per the framework for InvITs REITs and InvITs listed in India already accept foreign investment, subject to government and central bank rules