Participation by Strategic Investor(s) in InvITs and REITs

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..... Trusts (REITs) All Parties to InvITs All Parties to REITs Merchant Bankers registered with SEBI Dear Sir / Madam, Sub: Participation by Strategic Investor(s) in InvITs and REITs 1. SEBI (Infrastructure Investment Trusts) Regulations, 2014 ( InvIT Regulations ) define strategic investors under Regulation 2(1)(zza) of the InvIT Regulations and allows them to participate .....

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..... ription agreement with the strategic investor(s), which propose(s) to invest in the public issue of InvIT/REIT. iii. Subscription price per unit, payable by the strategic investor(s) shall be set out in the unit subscription agreement and the entire subscription price shall be deposited in a special escrow account prior to opening of the public issue. iv. The price at which the strategic inv .....

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..... s applicable, shall disclose details of the unit subscription agreement. Such details shall include name of each strategic investor, the number of units proposed to be subscribed by it or the investment amount, proposed subscription price per unit, etc. vi. The unit subscription agreement shall not be terminated except in the event the issue fails to collect minimum subscription. 2.2. The un .....

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