Regulatory Alerts2025-03-28
Amendment to Master Circular for Infrastructure Investment Trusts (InvITs) dated May 15, 2024
The Securities and Exchange Board of India (SEBI) has amended the Master Circular for Infrastructure Investment Trusts to align lock-in provisions for preferential unit issues with initial offer requirements and to permit inter-se transfers of locked-in units among sponsors. The regulator also introduced a comprehensive regulatory framework for follow-on offers by publicly offered InvITs, establishing guidelines for in-principle approvals, fee payments, minimum public holding, and allotment timelines. These changes, effective immediately, aim to promote ease of doing business and streamline fundraising mechanisms for InvITs based on recommendations from the Hybrid Securities Advisory Committee.
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