SEBI issues circular on Issue and listing of Commercial Paper by listed REITs

Sep 22, 2022 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Securities Exchange Board of India (SEBI) on September 22, 2022, Issue and listing of Commercial Paper by listed REITs.In terms of Reserve Bank Commercial Paper Directions, 2017 dated August 10, 2022 Real Estate Investment Trust (REIT) having net worth of INR 100 Crore or higher are eligible to issue commercial paper

It has been decided that REITS may issue listed commercial papers subject to the following:

  • REITs shall abide by the guidelines prescribed by the Reserve Bank of India for issuances of commercial papers.
  • REITs shall abide by the conditions of listing norms prescribed by SEBI under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, and circulars issued thereunder.
  • The issuance of listed CPs shall be within the overall debt limit permitted under SEBI (Real Estate Investment Trusts) Regulations, 2014.

[Notification No. SEBI/HO/DDHS/DDHS_Div3/P/CIR/2022/122]


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