REITs to be Included in Nifty Indices From September 30, the National Stock Exchange of India Said (Business Standard)
Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts will be included in the Nifty indices from September 30, according to new eligibility criteria announced by the NSE.
Vinod Rohira, CEO, Mindspace Business Parks REIT called it a very encouraging step from NSE.
“This would enable wider investor participation in REITs and consequently increased volumes, liquidity and better price discovery. REITs merit to be on the Nifty indices, and this move will assist in widening investor participation for REITs at par with other equity options in India,” he added.
In a statement on Monday, the exchange said all equity shares, REITs and InvITs that are traded (listed and traded and not listed but permitted to trade) at the NSE are eligible for inclusion in the Nifty indices.
Under the current rules, only shares traded on NSE are eligible for inclusion in the Nifty indices.
Read more here..
Related News
Private Equity Inflows In India Realty Up 19% In FY21, Portfolio Deals Lead
