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of <h1>SEBI Amends Guidelines for InvITs: New Pricing and Discount Rules u/s 11(1) and Regulation 33.</h1> The Securities and Exchange Board of India (SEBI) has amended guidelines for the preferential issue and institutional placement of units by listed Infrastructure Investment Trusts (InvITs). The amendments modify the pricing of units, allowing institutional placements at a price not less than the average of the weekly high and low closing prices over the two weeks prior to the relevant date. InvITs may offer up to a five percent discount on this price with unitholder approval. These changes are effective immediately and are issued under the authority of Section 11(1) of the SEBI Act, 1992, and Regulation 33 of the InvIT Regulations.
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