Question
In October 2022, SEBI has allowed InvITs of networth of
_____ or more to issue commercial papers (CPs) subject to the guidelines prescribed by RBI for issue of CPs.Solution
SEBI has recently allowed InvITs with net worth of Rs.100 crores or greater to issue Commercial papers provided that InvITs abide by the guidelines prescribed by the Reserve Bank of India for issuance of commercial papers. InvITs have to comply with conditions specified under the SEBI (Issue and Listing of Non-Convertible Securities) Regulation, 2021. The issuance of listed CPs shall be within the overall debt limit permitted under SEBI (Infrastructure Investment Trusts) Regulations, 2014. REITS with net worth of Rs.100 crores or greater may also issue CPs.
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