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[Cites 0, Cited by 0] [Section 2(1)] [Section 2] [Entire Act]

Securities And Exchange Board Of India - Subsection

Section 2(1)(y) in Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014

(y)"net asset value" or "NAV" means the value of the REIT [assets reduced by the external debt] [Inserted by Notification No. SEBI/L.A.D.-NRO/GN/2016-17/022, dated 29.11.2016 (w.e.f. 26.9.2014).] divided by the number of outstanding units as on a particular date;