sachinnagpal.in · Cheat sheet

SEBI InvIT rules at a glance

Borrowing bands, sponsor holding, distributions, valuation and investment conditions. · As of 25 October 2026

Distributions

Borrowing (net of cash, to asset value)

Level Conditions
Up to 25% Allowed
25% to 49% Credit rating; unitholder approval
49% to 70% AAA rating; six continuous distributions; 75% unitholder approval
Above 70% Not allowed

Use of borrowing above 49% was widened by an amendment of 17 April 2026 and a SEBI circular of May 2026.

Sponsor holding after listing

Period Minimum
Years 1 to 3 15% of units
Years 4 to 5 Lower of 5% or ₹500 crore
Years 6 to 10 Lower of 3% or ₹500 crore
Years 11 to 20 Lower of 2% or ₹500 crore
After year 20 Lower of 1% or ₹500 crore

Investment conditions (public InvIT)

Valuation and governance

Check the current regulations and circulars on sebi.gov.in before relying on any number.