RBI amends valuation rules for InvIT, REIT units held by all-India financial institutions

The RBI has amended valuation norms for InvIT and REIT units held by all-India financial institutions, introducing separate provisions for quoted and unquoted units. Unquoted units will generally be valued at disclosed NAV, while units of trusts that fail to meet prescribed NAV disclosure requirements, or are classified as infrequently traded, will be valued at Re 1 for the purpose...