Preferential issue of units: listed InvITs subject to prescribed eligibility, pricing, lock in and disclosure requirements. Guidelines set the regulatory framework for listed InvITs to conduct preferential issues and institutional placements only after unitholder approval, minimum prior listing periods, and in principle exchange approval; they impose dematerialised allotment, caps on private placement recipients, distinct pricing methods for frequently and infrequently traded units (market VWAP formulas or NAV-based valuation), specified lock in and transfer restrictions by allottee category, strict allotment timelines with refund and interest liabilities on default, and detailed disclosure and placement document requirements with lead manager due diligence.
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.
Preferential issue of units: listed InvITs subject to prescribed eligibility, pricing, lock in and disclosure requirements.
Guidelines set the regulatory framework for listed InvITs to conduct preferential issues and institutional placements only after unitholder approval, minimum prior listing periods, and in principle exchange approval; they impose dematerialised allotment, caps on private placement recipients, distinct pricing methods for frequently and infrequently traded units (market VWAP formulas or NAV-based valuation), specified lock in and transfer restrictions by allottee category, strict allotment timelines with refund and interest liabilities on default, and detailed disclosure and placement document requirements with lead manager due diligence.
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