Listing timeline reduction for privately placed InvIT units to six working days for listing and trading commencement. Listing of units issued on private placement by Infrastructure Investment Trusts must be completed within six working days from issue closure, with a staged schedule: sponsor transfer of HoldCo/SPV interests by T+3, demat credit and applicable lock-in confirmation by T+4, listing application by T+5, and stock exchange notice and ISIN activation leading to trading commencement by T+6; stock exchanges and depositories must coordinate and depositories shall activate ISINs only after exchanges grant listing approval.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Listing timeline reduction for privately placed InvIT units to six working days for listing and trading commencement.
Listing of units issued on private placement by Infrastructure Investment Trusts must be completed within six working days from issue closure, with a staged schedule: sponsor transfer of HoldCo/SPV interests by T+3, demat credit and applicable lock-in confirmation by T+4, listing application by T+5, and stock exchange notice and ISIN activation leading to trading commencement by T+6; stock exchanges and depositories must coordinate and depositories shall activate ISINs only after exchanges grant listing approval.
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