Comments
In a bid to encourage investments in core sector projects, the RBI has decided to permit core investment companies (CICs) to act as sponsors to issuances by Infrastructure Investment Trusts (InvITs). CICs will also be permitted to reckon their holdings of InvIT units as sponsors as part of the sub-limit of 60 per cent for equity investments in group companies. CICs are registered with the RBI as NBFCs but only invest in group companies.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.