Who has allowed emerging investment vehicles, Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT), to issue commercial papers?

A)
RBI
B)
SEBI
C)
IRDA
D)
NSDL

Correct Answer :   SEBI


SEBI has allowed emerging investment vehicles, Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT), to issue commercial papers.
 
Reason : In August 2022, RBI has indicated that InvIT and REIT having net worth of at least Rs 100 crore are eligible to issue commercial paper.
 
Condition : They need to abide by the guidelines prescribed by RBI for issuances of commercial papers and follow the conditions of listing norms prescribed by Sebi..

Source : Economic Times

Published On : September 25, 2022