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<h1>SEBI Amends REITs Master Circular: Unitholders Can Nominate Directors with Debenture Trustee Rights for Streamlined Operations.</h1> The Securities and Exchange Board of India (SEBI) has amended the Master Circular for Real Estate Investment Trusts (REITs) to clarify board nomination rights for unitholders. Previously, unitholders could nominate a director if their holdings exceeded a certain threshold, but not if they already had nomination rights as shareholders or lenders. The amendment allows unitholders to nominate a director if they have rights under the SEBI (Debenture Trustees) Regulations, 1993. This change, effective immediately, aims to simplify business operations and was recommended by the Hybrid Securities Advisory Committee. Recognized stock exchanges must publish this circular on their websites.