Sebi proposes depository receipts for REIT, listed InvIT units

Imagine you want to buy a tiny piece of a big shopping mall or a highway being built in India.

Right now, people can buy these pieces, called units, but they are paid for in Indian money called rupees.

A group called Sebi is the referee that makes rules for buying and selling these pieces.

Sebi has come up with a new plan.

Under the plan, special tickets called 'depository receipts' could be made for these pieces.

Foreigners could buy these tickets using their own money, like dollars, on exchanges outside India.

This would make it easier for people around the world to invest in Indian buildings and infrastructure.

It would also bring more foreign money into India, which helps these projects grow.

Before making it a rule, Sebi is asking people what they think about the plan.

Some trusts, called privately listed InvITs, would not be included in the plan.