Revision in manner of achieving minimum public unitholding requirement – Infrastructure Investment Trusts (InvITs)

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..... uently, the said circular was consolidated as Chapter 21 of the Master Circular for InvITs dated July 06, 2023 . 2. In addition to the methods listed under para 21.2. of Chapter 21 of the Master circular for InvITs dated July 06, 2023 , the following shall be an additional method for privately placed InvITs in order to achieve minimum public unitholding requirements: S. No. Method Specific Conditions, if any, applicable 10. Issuance of units through preferential allotment Only units issued to the public shall be considered for compliance with minimum unitholding requirement 3. Furt .....

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..... be sold shall not exceed the trading volume of the units of the InvIT during the preceding 12 months from the date of announcement. Provided that the above limit related to the trading volume of units of the InvIT during the preceding 12 months from the date of announcement, shall not be applicable to a privately placed InvIT. i. Sponsor(s) / Investment Manager / Project Manager and their associates/related parties can use either the mechanism specified at Sl. No. 7(i) or 7(ii) to comply with minimum public unitholding requirements, but not both. ii. The Investment Manager of the InvIT shall, at least one trading day prior to every such proposed sale, announce the following details to the stoc .....

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..... of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 . This circular is issued with the approval of the competent authority. 6. This Circular is available on the website of the Securities and Exchange Board of India at www.sebi.gov.in under the category Legal and under the drop down Circulars . 7. The recognized Stock Exchanges are advised to disseminate the contents of this Circular on their website. Yours faithfully, Ritesh Nandwani Deputy General Manager Department of Debt and Hybrid Securities Tel No.+91-22-2644 9696 Email id - [email protected] - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - tax .....

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