Latest news with #InvIT
United News of India
a day ago
- Business
- United News of India
SEBI eases framework for converting private InvITs into public
New Delhi, Aug 11 (UNI) The Securities and Exchange Board of India (SEBI) eased the framework for converting private listed Infrastructure Investment Trusts (InvITs) into public InvITs. Investment Infrastructure Trusts (InvITs) are a type of investment vehicle that enables investors to pool their funds and invest in infrastructure projects. The purpose of InvITs is to allow Infrastructure Companies to easily repay their debt obligations. In an official circular issued by SEBI, it stated that the regulatory authority has taken the review following the suggestions of the Hybrid Securities Advisory Group (HySAC). The HySAC is a committee established by the Securities and Exchange Board of India (SEBI) to oversee the regulation and development of the hybrid securities market. According to the new official order, Sponsors and their groups must meet the minimum unitholding requirements as specified in InvIT regulations. Additionally, the public offer process for conversions will now follow the framework applicable to follow-on offers, rather than initial public offers. SEBI also stated that these amendments are aimed at enhancing regularity, clarity, protecting investor interests, and promoting the development of the securities market. UNI SAS PRS
Time of India
3 days ago
- Business
- Time of India
Sebi revises InvIT rules for private to public conversion: Disclosure norms aligned with follow-on offers; sponsor requirements eased
Sebi revises norms on InvITs Sebi has modified the framework governing the transformation of private listed Infrastructure Investment Trusts (InvITs) to public InvITs, with updated sponsor holding requirements and harmonised disclosure norms. The market regulator implemented these modifications with immediate effect, following industry feedback and guidance from the Hybrid Securities Advisory Committee, according to The updated guidelines require sponsors and their associated groups to maintain minimum unitholding requirements as specified in InvIT regulations consistently. According to the circular released on Friday, the lock-in period for these units shall remain in accordance with existing regulations. Sebi has additionally revised the procedural and disclosure requirements for public offers during conversion to ensure alignment with follow-on offer standards. InvITs must now follow the stipulated requirements for follow-on offers under InvIT rules and associated circulars, including future amendments. The circular indicates that previous references to "initial offers" in Sebi's InvIT regulations from May 2024 will be superseded by "follow-on offers" across various provisions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Bedtime Drink Flattened Her Belly in Days Vitalgethealth Click Here Undo These immediate regulatory adjustments aim to safeguard investors, enhance market efficiency and maintain consistent regulatory standards. The regulator has instructed recognised stock exchanges and the Bharat InvITs Association to publish these updated regulations on their respective websites. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Sebi streamlines norms for converting private InvITs to public ones
Sebi has revised the framework for converting private listed Infrastructure Investment Trusts (InvITs) into public InvITs, streamlining sponsor holding norms and aligning disclosure requirements with follow-on offers. The Securities and Exchange Board of India (Sebi) said the changes, effective immediately, are based on market feedback and recommendations of the Hybrid Securities Advisory Committee. Under the revised framework, sponsors and their groups must comply with the minimum unitholding requirements specified in the InvIT regulations at all times. The lock-in on such units will also be as per the regulations, the regulator said in a circular on Friday. Accordingly, InvITs will have to adhere to the follow-on offer requirements under InvIT rules and related circulars, including any amendments. These changes will replace earlier references to "initial offers" with "follow-on offers" in several provisions of Sebi's norms for InvITs issued in May 2024, as per the circular. The revised framework, effective immediately, aims to protect investor interests, promote market development and ensure regulatory consistency. Sebi has directed recognised stock exchanges and the Bharat InvITs Association to disseminate the updated norms on their websites. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
3 days ago
- Business
- News18
Sebi revises norms for converting private listed InvITs into public
Agency: PTI New Delhi, Aug 9 (PTI) Sebi has revised the framework for converting private listed Infrastructure Investment Trusts (InvITs) into public InvITs, streamlining sponsor holding norms and aligning disclosure requirements with follow-on offers. The Securities and Exchange Board of India (Sebi) said the changes, effective immediately, are based on market feedback and recommendations of the Hybrid Securities Advisory Committee. Under the revised framework, sponsors and their groups must comply with the minimum unitholding requirements specified in the InvIT regulations at all times. The lock-in on such units will also be as per the regulations, the regulator said in a circular on Friday. The market regulator has also modified the procedural and disclosure norms for public offers during conversion to bring them in line with those applicable for follow-on offers. Accordingly, InvITs will have to adhere to the follow-on offer requirements under InvIT rules and related circulars, including any amendments. These changes will replace earlier references to 'initial offers" with 'follow-on offers" in several provisions of Sebi's norms for InvITs issued in May 2024, as per the circular. The revised framework, effective immediately, aims to protect investor interests, promote market development and ensure regulatory consistency. Sebi has directed recognised stock exchanges and the Bharat InvITs Association to disseminate the updated norms on their websites. PTI HG TRB view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
TVS SCS Q1 net profit soars eightfold to Rs 71 crore on InvIT, ops gains
TVS Supply Chain Solutions, one of the largest integrated supply chain solution providers in India, posted an over eightfold rise in consolidated net profit during the first quarter of 2025–26 to Rs 71.16 crore, compared to Rs 7.47 crore during the April–June quarter of FY25. The rise in profit was mainly due to improved operational performance and gains from an exceptional item following the listing of Rs 1,300 crore worth InvIT by TVS Industrial & Logistics Parks. The offering comprised a fresh issue of Rs 1,050 crore and an offer-for-sale of Rs 250 crore by an existing unitholder. The consolidated revenue for the quarter stood at Rs 2,592.31 crore, compared to Rs 2,539.39 crore in Q1 FY25, marking a year-on-year growth of 2.1 per cent. Adjusted EBITDA on a sequential basis was Rs 172.01 crore in Q1 FY26, as against Rs 156.41 crore in Q4 FY25, a growth of 10 per cent. Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions Ltd, said, 'We have entered FY26 with a continued focus on performance excellence, customer-centricity, and long-term value creation. The new unified structure in Europe and the UK is driving operational synergies and enhancing service delivery through deeper customer engagement and sharper execution. Combining this with our focused business development efforts, we are confident that this alignment will position us to better meet evolving customer needs and unlock new growth opportunities.' The share of profit from TVS ILP, in which TVS SCS holds a 25.2 per cent stake, was Rs 177.23 crore in Q1 FY26. This followed the transfer of 11 million square feet of warehouse space as part of its InvIT (Infrastructure Investment Trust) listing. R Vaidhyanathan, Global Chief Financial Officer, TVS Supply Chain Solutions Ltd, said, 'We began FY26 on a steady note, with improved profit delivery and disciplined execution of our transformation initiatives. Our margin improvement reflects operational discipline across key businesses. Our strategic cost take-out initiatives are tracking well across regions. The restructuring programme in the UK and Europe is set to drive a step-change in operating leverage and long-term margin trajectory by redefining our cost baseline. We are confident of delivering progressive improvements in margin profile and bottom-line performance through the course of FY26 and beyond.' The company has consolidated its Integrated Final Mile (IFM) business into the Integrated Supply Chain Solutions (ISCS) segment across the UK and Europe to further strengthen its end-to-end solutions offering. This strategic move is aimed at meeting growing customer demand for seamless solutions. The unified structure enhances service delivery, sharpens execution, reduces duplication, and supports margin expansion.
