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of <h1>SEBI Updates REIT Guidelines: New Pricing Rules for Institutional Placements, Allows Up to 5% Discount with Approval.</h1> The Securities and Exchange Board of India (SEBI) has amended guidelines for the preferential issue and institutional placement of units by listed Real Estate Investment Trusts (REITs). The modification involves pricing units during institutional placement, which should be at least the average of the weekly high and low closing prices over the two weeks prior to the relevant date. REITs may offer up to a 5% discount on this price, subject to unitholder approval. These changes are effective immediately, issued under SEBI's authority as per the Securities and Exchange Board of India Act, 1992, and REIT Regulations.
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