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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Updates REITs Exit Options for Dissenting Holders: New Timelines, Price Increase, and Communication Rules.</h1> The Securities and Exchange Board of India (SEBI) has amended the procedures for providing exit options to dissenting unit holders in Real Estate Investment Trusts (REITs) under Regulations 22(6A) and 22(8) of the SEBI (REIT) Regulations, 2014. The amendments include changes to the definition of 'relevant date' and introduce a new clause detailing the timeline and activities for exit options when triggered by an open offer. The exit option price will increase by 10% per annum from the first to the second notice date. These amendments aim to streamline the process and ensure timely communication and execution.
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