The Securities and Exchange Board of India vide its notification dated 16th September 2020 has decided to permit Units of InvITs and REITs to list on stock exchanges operating in IFSC and such InvITs and REITs which are incorporated/settled in Permissible Jurisdictions, as may be notified by the Government of India from time to time.
Sebi has listed out the permissible jurisdiction which includes the United States’ NASDAQ and NYSE; Tokyo Stock Exchange, Japan; Korea Exchange Inc of South Korea; the United Kingdom’s (excluding British Overseas Territories) London Stock Exchange; France’s Euronext Paris; Germany’s Frankfurt Stock Exchange and Canada’s Toronto Stock Exchange.
Further Stock exchanges in IFSC shall evolve a detailed framework prescribing the initial and continuous listing requirements for such InvITs and REITs whose units are listed/proposed to be listed on stock exchanges in IFSC.
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