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of <h1>SEBI Introduces UPI for InvITs Public Issues, Allowing Investors to Block Funds Up to Rs. 5 Lakh.</h1> The Securities and Exchange Board of India (SEBI) has introduced the Unified Payments Interface (UPI) mechanism for individual investors in public issues of Infrastructure Investment Trusts (InvITs) for application values up to Rs. 5 lakh. This new payment option, effective from August 1, 2022, allows investors to block funds through UPI, enhancing the existing ASBA facility. Key entities involved include the National Payments Corporation of India, Sponsor Banks, Stock Exchanges, and Depositories, which will validate investor details in real-time. The circular outlines the roles of issuers, registrars, intermediaries, and collecting banks to ensure compliance and smooth implementation of this payment mechanism.
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