Borrowings and deferred payments

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..... ed by the Board: Provided that such debt securities shall be listed on recognized stock exchange(s).] 2[(2)] The aggregate consolidated borrowings and deferred payments of the InvIT 3[, holdco and the SPV(s),] net of cash and cash equivalents shall 7[not] exceed 8[seventy] per cent. of the value of the InvIT assets. 10[Explanation 1. - Investment by InvITs in overnight mutual funds, characteriz .....

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..... r its consolidated borrowing and the proposed borrowing, from a credit rating agency registered with the Board; (ii) utilize the funds only for acquisition or development of infrastructure projects; (iii) have a track record of at least six distributions, in terms of sub-regulation (6) of regulation 18, on a continuous basis, post listing, in the years preceding the financial year in which the .....

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..... red by the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2017, w.e.f. 15.12.2017 5 Inserted by Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2016, w.e.f 30.11.2016 6 Re-numbered by the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2017, .....

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