Market regulator Sebi on Monday proposed allowing Infrastructure Investment Trusts (InvITs) in the roads sector to add back certain major maintenance expenses funded through external debt while calculating Net Distributable Cash Flow (NDCF), a move aimed at addressing industry concerns over lower distributable cash.

The proposal came after the Securities and Exchange Board of India (Sebi) received representation from the Bharat InvITs Association (BIA) regarding the treatment of debt availed…

SEBI proposes easing cash-flow rules for road InvITs, allowing debt-funded maintenance costs to enhance distributable cash flows for investors.