Offer for Sale framework permits OFS of units in private listed InvITs with one day open, excluding retail participation. Amendment permits an Offer for Sale mechanism for units of private listed InvITs, aligning REIT/InvIT OFS with the equity OFS framework; trading lots for listed InvIT OFS must match secondary market trading lots, retail investor provisions do not apply for private listed InvITs, and such OFS shall remain open only for one day. Exchanges must implement systems, amend rules and notify market participants; the amendment is effective immediately.
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.
Offer for Sale framework permits OFS of units in private listed InvITs with one day open, excluding retail participation.
Amendment permits an Offer for Sale mechanism for units of private listed InvITs, aligning REIT/InvIT OFS with the equity OFS framework; trading lots for listed InvIT OFS must match secondary market trading lots, retail investor provisions do not apply for private listed InvITs, and such OFS shall remain open only for one day. Exchanges must implement systems, amend rules and notify market participants; the amendment is effective immediately.
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