Sebi reforms REITs and InvITs norms to align disclosures, cut entry size; allow broader role for merchant bankers

Sebi's board has approved amendments to ease business operations for REITs, InvITs, and merchant bankers. These changes include greater cash-flow flexibility, clearer public unitholding definitions, harmonized reporting timelines, and reduced minimum investment for privately placed InvITs. Merchant bankers can now conduct certain non-Sebi-regulated financial services under the same entity, subject to regulatory safeguards, enhancing operational efficiency.