Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 Chapter VIA FRAMEWORK FOR PRIVATE PLACEMENT OF UNITS OF INVITS WHICH ARE NOT LISTED
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Private placement applicability for InvIT units: defines regulatory scope and specific exceptions for privately placed units. Regulation 26A applies to an InvIT that has issued units on a private placement basis and subjects such InvIT to the provisions applicable to privately ... Summary
Private placement applicability for InvIT units: defines regulatory scope and specific exceptions for privately placed units.
Regulation 26A applies to an InvIT that has issued units on a private placement basis and subjects such InvIT to the provisions applicable to privately placed and listed (or proposed to be listed) units, except for a specified list of excluded provisions drawn from regulations 9, 10, 14, 16, 17, 20, 21, 22 and 23; subsequent SEBI notifications have amended and omitted prior wording and certain prior approval conditions.
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