SEBI considers easing NDCF norms for Road InvITs, permitting major maintenance borrowings
Sebi proposed allowing road-focused InvITs to add major maintenance expenses back into their NDCF calculations if financed by debt. Full details here.
➤ SEBI is considering easing norms for road-focused InvITs, allowing major maintenance expenses financed by debt to be added back into Net Distributable Cash Flow (NDCF) calculations. ➤ This proposed change aims to improve the ease of doing business for road-sector InvITs and address accounting mismatches related to non-capitalizable maintenance expenses. ➤ Strict unitholder approval, with a 60% majority, will be required for these adjustments, along with detailed disclosures regarding the debt and its impact.













