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<h1>SEBI Issues Guidelines for Converting Private Listed InvITs to Public InvITs Under 2014 Regulations; Details on Issuance and Compliance.</h1> The circular issued by SEBI outlines the framework for converting a Private Listed Infrastructure Investment Trust (InvIT) into a Public InvIT. It specifies that a Private Listed InvIT can transition to a Public InvIT by making a public issue of units, either through a fresh issue or an offer for sale, adhering to the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The circular details conditions for issuance, offer for sale, sponsor contribution, and restrictions on transferability of units. It mandates compliance with disclosure requirements and sets a maximum subscription limit for investors. The circular is issued under the authority of SEBI and is available on its website.