RBI permits CICs to invest in Infrastructure Investment Trusts as Sponsors
RBI's statement on developmental and regulatory policies said that CICs "are required to invest in group companies in the form of equity shares, preference shares, bonds, debentures, debt or loans, at least up to 90 per cent of their net assets, while equity investments in group companies must constitute at least 60 per cent of net assets."
The RBI has decided to permit core investment companies (CICs) to invest in Infrastructure Investment Trusts (InvITs) as sponsors. Image source: Reuters