Sebi plans to introduce realty investment trusts

Securities and Exchange Board of India (Sebi) is considering proposals to start real estate investment trusts, M Damodaran, chairman, Sebi, hinted in Mumbai this morning.

Rules on trading securitised debt would be ready by December 2007. About 30 companies are eligible to raise funds selling shares under fast-track approval procedures, Damodaran said at CII's 2nd Capital Market Summit.

Without divulging concrete figures, the regulator said that foreign investors had submitted large numbers of applications to register in India.