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Regulatory Session Framework on Indian Infrastructure Investment Trusts - Workshop

Regulatory Session Framework on Indian Infrastructure Investment Trusts - Workshop

APREA has established a dominant presence in the real estate industry through its work with governments to facilitate robust investment ground rules and tax systems that actively encourage deep and liquid capital markets, including “state of the art” REIT rules in all Asian countries. APREA’s member companies have an estimated US$1 trillion of assets under management.

In addition, APREA helps members connect to exciting business opportunities, and delivers investor interface, market intelligence, learning and networking services. Historically, foreign investors’ outlook towards Indian infrastructure has been skeptical, because of various policy and implementation issues. That said, over the last couple of years, infrastructure has received record-setting PE investments, contributing to almost 25%-30% of the overall PE inflow to the country. While there are various reasons for this sudden spurt in investments, a few underlying building blocks are clearly identifiable – improved transparency, adoption of stronger governance systems by infrastructure developers, creation of a tax optimal and professionally managed InvIT (Infrastructure Investment Trusts) platform for offshore investments into yielding assets, and increased regulatory oversight on the sector overall. Gas-distribution, roads, renewables, transmissions, airports, digital infrastructure – the opportunities for placing big ticket bets are plenty.

APREA has been instrumental in introduction of the Indian REIT regulations and has also been driving policy changes for Indian InvITs. Join us for this series of closed door interactive masterclasses to analyse the commercial, legal and regulatory challenges around InvITs and the infrastructure sector in general.

1 July 2020

8:30 am
(London)

1:00 pm
(India)

4:30 pm
(Tokyo)

 5:30 pm
(Sydney)

 

Program - Workshop

Date: Wednesday, 1 July 2020 

Time8:30am (London); 1:00pm (India); 3:30pm (Singapore/Beijing); 4:30pm (Tokyo); 5:30pm (Sydney)

1:00 – 1:05 pm (IST)

Welcome Speech

  • Sigrid Zialcita, CEO, APREA

1:05 – 2:05 pm (IST)

Presentation and Q&A:

Mr. Ruchir Sinha, Leader, Corporate Transactions Group, Nishith Desai Associates

Mr. Avinash Narvekar, Partner Transaction Tax, Ernst & Young India

Topic: Regulatory Framework of Indian Infrastructure Investment Trusts covering:

  • Overview of the InvIT framework, regulations and benefits to stakeholders
  • Commercial considerations moving investors and sponsors to InvITs 
  • Emerging structures for reign investments in InvITs
  • InvITs as a strategic M&A platform 
  • Emergence of unlisted InvITs
  • Unlisted InvIT v/s private listed InvIT v/s public listed InvIT
  • Should you be a sponsor? Investor conundrum
  • Management and governance of InvIT (including Inter-se governance between stakeholders)
  • Fund-raising options and limitations, and operational challenges
  • Managing the investment manager 
  • Roll-over of assets to an InvIT – Structures and Legal/ Tax Considerations 
  • Debt infusion into an InvIT – regulatory and commercial challenges
  • InvIT tax treatment – Investors and Sponsors
  • Tax benefits for sovereign funds and pension funds 

2:05 pm (IST)

Closing Remarks

 

Supported By:

nishith

 

epra

 

EY