The Securities and Exchange Board of India (SEBI) on June 24, 2022 has issued a circular regarding reductions of timelines for listing of units of privately placed Infrastructure Investment Trust (InvIT) under Regulation 16(8) (a) of SEBI (Infrastructure Investment Trusts) Regulations, 2015 (“InvIT Regulations) which provides the listing of privately placed units shall be done within thirty working days from the date of allotment.
SEBI has decided to reduce the time taken for allotment and listing of units of privately placed Infrastructure Investment Trust (InvIT), after the closure of issue to six working days as against the present requirement of thirty working days.
SEBI advised all the stock exchanges to inform the listing approval details to the Depositories whenever listing permission is given to InvIT units issued on private placement basis, within the above prescribed timelines.
Stock Exchanges shall make required changes to implement the same from August 01, 2022.
*Disclaimer – Kindly find the detailed Timelines from issue closure till date of listing in the table provided in the attached link/document.
[Circular No. SEBI/HO/DDHS/DDHS_Div3/P/CIR/2022/087]
