Minimum public unitholding requirement must be achieved through prescribed methods under SEBI circular, with disclosure and exchange monitoring InvITs having public unitholding below the required threshold must raise public unitholding to the mandated level within three years using prescribed methods such as fresh issuance, offer for sale (via offer document or secondary market), rights or bonus issues with related-party renunciation, institutional placement, capped ETF transfers, or open-market sales subject to volume and yearly limits. Sponsors and related parties must observe disclosure, timing, and non-purchase undertakings; the Investment Manager must announce details to exchanges and secure undertakings, while exchanges monitor methods and report non-compliance to SEBI.
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.
Minimum public unitholding requirement must be achieved through prescribed methods under SEBI circular, with disclosure and exchange monitoring
InvITs having public unitholding below the required threshold must raise public unitholding to the mandated level within three years using prescribed methods such as fresh issuance, offer for sale (via offer document or secondary market), rights or bonus issues with related-party renunciation, institutional placement, capped ETF transfers, or open-market sales subject to volume and yearly limits. Sponsors and related parties must observe disclosure, timing, and non-purchase undertakings; the Investment Manager must announce details to exchanges and secure undertakings, while exchanges monitor methods and report non-compliance to SEBI.
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