New Delhi, Nov. 3 -- The Securities and Exchange Board of India (SEBI) on Monday permitted the issuance of Depository Receipts (DRs) against units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to attract foreign investment.

DRs are foreign currency-denominated instruments issued by overseas depositories against securities held by domestic custodians in India. Under the framework, REITs and InvITs can issue fresh units or facilitate the transfer of existing units for DR issuance, according to separate SEBI circulars.

The DRs will be listed on designated international exchanges in India's International Financial Services Centre (IFSC), including India International Exchange (India INX) and NSE Inte...