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The Economic Times
The Economic Times

Sebi revises InvIT cash flow framework to allow adding back external debt-funded maintenance costs

SEBI InvITs

Markets regulator Sebi on Friday allowed Infrastructure Investment Trusts (InvITs) to add back payments made towards major maintenance expenses for road projects funded through external debt, while calculating net distributable cash flow (NDCF).

The move is aimed at providing greater flexibility to InvITs in managing major maintenance requirements of road projects without reducing the cash available for distribution to unitholders.

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