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of <h1>Amended Guidelines for InvIT Public Issuance: Investor Definitions, Bidding Rules, and Compliance Updates Under New Regulations</h1> The regulatory authority has amended the guidelines governing the public issuance of Infrastructure Investment Trust units to streamline the process. Key changes include redefining institutional investors as per updated capital and disclosure regulations, restricting merchant bankers and their associates from applying as anchor investors except specified entities, and allowing extension of the bidding period under force majeure conditions. The minimum bidding period has been reduced, and the bidding process must utilize the Application Supported by Blocked Amount facility exclusively through electronic platforms of recognized stock exchanges. Responsibilities of intermediaries and stock exchanges regarding bid submission, validation, modification, and investor communication have been clarified. Merchant bankers are now required to submit compliance certificates concerning news reports during the issue period. These amendments are issued under statutory powers to enhance transparency, investor protection, and operational efficiency in InvIT public issues.
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