Securities and Exchange Board of India (“SEBI”), on May 15, 2026, has issued a circular liberalising end-uses of certain borrowings by Infrastructure Investment Trusts (“InvITs”). Following the broad enabling amendments approved during its board meeting on March 23, 2026, and officially notified on April 17, 2026, SEBI issued 2 (two) definitive operational circulars on May 15, 2026.
Please click here to read the full article by Soumitra Majumdar; Partner, published in Mondaq.
Soumitra specializes in Banking & Finance. He works closely with Indian and multinational banks, development financial institutions, commodity finance houses, non banking finance companies as well as corporates, for structuring, due diligence, documentation and negotiations.