Preferential issue ineligibility clarified: parties transferring units within six months, including sponsors, are barred from allotment. Preferential issue of units by a listed InvIT shall not be made to any person who sold or transferred units of the issuer during the six months preceding the relevant date; if any person belonging to a sponsor sold or transferred units in that period, the sponsor is ineligible for allotment on a preferential basis.
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Provisions expressly mentioned in the judgment/order text.
Preferential issue ineligibility clarified: parties transferring units within six months, including sponsors, are barred from allotment.
Preferential issue of units by a listed InvIT shall not be made to any person who sold or transferred units of the issuer during the six months preceding the relevant date; if any person belonging to a sponsor sold or transferred units in that period, the sponsor is ineligible for allotment on a preferential basis.
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