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The Economic Times
The Economic Times

Sebi mulls allowing InvITs to add major road expenses back into NDCF calculation

SEBI InvIT InvITs India the Securities and Exchange Board

Market regulator Sebi on Monday proposed allowing InvITs to add payments made for major maintenance of road projects back into Net Distributable Cash Flow (NDCF) computation, capped at the amount funded by external debt.

This mechanism should apply only to the 'Roads and Bridges' sector and requires strict unitholder approval.

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