The Securities and Exchange Board of India (SEBI) on February 20, 2025, issued Consultation on Draft Circulars - Amendment to Master Circular for Infrastructure Investment Trusts (InvITs) and Master Circular for Real Estate Investment Trusts (REITs).
The objective of this consultation paper is to seek comments/views/suggestions from the public on the following proposals related to REITs and InvITs:
• Review of lock-in provisions for preferential issue of units for InvITs and REITs
• Guidelines for Follow-on offer by a REIT and a publicly offered InvIT
In this regard, public comments are invited on the following Draft Circulars –
• “Amendment to Master Circular for Infrastructure Investment Trusts (InvITs) dated May 15, 2024.”, placed at Annexure – A.
• “Amendment to Master Circular for Real Estate Investment Trusts (REITs) dated May 15, 2024.”, placed at Annexure – B.
The comments/suggestions along with the rationale should be submitted latest by March 13, 2025, through the online web-based form which can be accessed using the following link: https://www.sebi.gov.in/sebiweb/publiccommentv2/PublicCommentAction.do?doPublicComments=yes
Kindly review the instructions mentioned on the above link before submitting comments on the consultation paper.
