• Business Trusts

Business Trusts

Indian capital markets regulator (SEBI) approved real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) framework (India’s very own framework for Business Trusts).  This offers a new asset class for investors as also a new source of financing to India's real estate and infrastructure industry. Vistra ITCL contributed to the development of the product for Indian markets and continues to assist in policy action. 

Vistra ITCL being an independent, SEBI registered debenture trustee with strong operational framework and expertise, is a preferred choice for setting up and administering REITs and InvITs in India.

Broad scope of trustee services envisaged for business trusts:

  • Structuring from legal and taxation perspective
  • Transfer of assets and listing assistance
  • Setting up of operational framework and common platform for participants including sponsor(/s), investor(/s), investment manager, principal valuer, project manager and stock exchange
  • Oversight of activities of the business trust under regulatory framework
  • Legal due diligence on assets and monitoring the flow of funds
  • Convening meetings of unit holders and maintenance of records
  • Investor relationship activity including review of unit holders complaints and their redressal 
  • Regulatory compliance and reporting
  • Annual administration during the life of the trust


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