According to the Securities and Exchange Board of India (SEBI) regulations, REITs have to distribute 90% of their net Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, says that banks were generally restricted from lending directly to the REITs and they had to borrow through their Special Purpose Vehicles (SPVs) or rely on issuing bonds and raising equity in the capital markets.Magazine says: “This announcement by the RBI Governor Sanjay Malhotra is likely to be a major ...