SEBI to Let Road InvITs Add Debt‑Financed Maintenance Costs Back into Cash‑Flow
SEBI proposed allowing road-focused InvITs to add major maintenance expenses financed by debt back into Net Distributable Cash Flow, improving distributions to investors. The rule requires unitholder approval of at least 60% and detailed disclosure of projects and debt. It addresses an accounting mismatch and eases business for road‑sector InvITs.