India, Sept. 17 -- Markets regulator -- Securities and Exchange Board of India (SEBI) has allowed emerging investment vehicles -- Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) -- to list on stock exchanges operating in the International Financial Services Centre (IFSC). Besides, it has asked bourses in the IFSC to evolve a detailed framework prescribing the initial and continuous listing requirements for InvITs and REITs whose units are proposed to be listed.

The watchdog said units of InvITs and REITs meeting certain conditions may be permitted to list on stock exchanges operating in the IFSC. Such units should be regulated by the securities market regulators in the permissible jurisdictions. Also, un...