Trading lot size rules set minimum lot based allotment and require exchanges to fix trading lot units for listed REITs/InvITs. Guidelines set minimum allotment and trading lot rules for publicly offered REITs and InvITs: initial allotment lots must meet prescribed minimum values and consist of a defined number of units, allotments shall be in multiples of such lots, and follow on offers must follow lot based minimums tied to the trading lot. Exchanges must determine trading lot unit counts for listed trusts within six months. InvITs with aggregate consolidated borrowings and deferred payments above the designated threshold must disclose asset cover, debt equity ratio, debt service coverage ratio, interest service coverage ratio and net worth.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Trading lot size rules set minimum lot based allotment and require exchanges to fix trading lot units for listed REITs/InvITs.
Guidelines set minimum allotment and trading lot rules for publicly offered REITs and InvITs: initial allotment lots must meet prescribed minimum values and consist of a defined number of units, allotments shall be in multiples of such lots, and follow on offers must follow lot based minimums tied to the trading lot. Exchanges must determine trading lot unit counts for listed trusts within six months. InvITs with aggregate consolidated borrowings and deferred payments above the designated threshold must disclose asset cover, debt equity ratio, debt service coverage ratio, interest service coverage ratio and net worth.
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