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of <h1>Guidelines for Unlisted InvITs Rights Issues: Board Approval, Compliance, No Economic Offenders, INR 1 Crore Minimum Allotment.</h1> The circular outlines guidelines for rights issues by unlisted Infrastructure Investment Trusts (InvITs) to raise funds. Key conditions include board approval, existing issuance of unit class, and compliance with regulations. It prohibits involvement of economic offenders and those barred from the securities market. The circular addresses underwriting, letter of offer requirements, application processes, pricing, and timelines for the rights issue. Units must be issued in dematerialized form, with a minimum allotment of INR 1 crore. Restrictions on further capital issues during the process are specified, and an allotment report must be filed post-issue.
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