SEBI has provided important clarifications regarding the status of Special Purpose Vehicles (SPVs) under InvITs, allowing them to retain SPV status even post-concessiontermination, along with prescribing timelines for project exit or restructuring.
SEBI Clarifies SPV Status After Concession Agreement Ends
SEBI has also outlined specific timelines concerning exit strategies and the restructuring or acquisition of new infrastructure projects. This clear guidance aims to enhance regulatory transparency and operational flexibility for SPVs.
Practitioners in the infrastructure sector and those advising on InvIT structures should carefully consider this clarification to optimize the operation and management of SPVs, especially in light of project expiries and transitions.
Citations
- SEBI Clarification (2026) SEBI Rep 22
Source:Supreme Court of India
