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<h1>SEBI Circular Details Process for Converting Private Unlisted InvIT to Private Listed InvIT Under Chapter IV Regulations.</h1> The circular issued by SEBI outlines the process for converting a Private Unlisted Infrastructure Investment Trust (InvIT) into a Private Listed InvIT. It specifies that such conversion can occur through private placement of units via fresh issuance or an offer for sale, following compliance with Chapter IV of the InvIT Regulations. The document details conditions for issuance, including asset compliance, disclosure obligations, and approval from unit holders. It also addresses conditions for the offer for sale, minimum sponsor contribution, restrictions on unit transferability, maximum investor subscription, and necessary disclosures in placement memorandums. This conversion requires adherence to the InvIT Regulations and SEBI guidelines.