Sebi proposes relief for road InvITs, may allow maintenance debt to be added back in cash flow calculations
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Sebi has proposed allowing road InvITs to add back major maintenance expenses funded by external debt when calculating Net Distributable Cash Flow (NDCF). This move aims to address industry concerns about reduced distributable cash, as these expenses, though crucial for asset longevity, cannot be capitalized. The proposal, following industry representations, requires unitholder approval and extensive disclosures. What's Your Reaction?
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