Change in dividend distribution tax (DDT) rules in the Budget has made real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) less attractive to investors. This could hit the plans of issuers planning to raise funds from the market.
The new DDT rules make recipients add dividends to their total income and pay tax at the marginal rate. Brookfield and Reliance Industries’ Tower Infrastructure Trust along with K Raheja Corp’s Mindspace Business Park REIT are planning to raise funds by listing their investment vehicles in the immediate ...
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First Published: Tue, February 04 2020. 23:22 IST
