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Regulatory authorities have revised the framework governing the conversion of private listed Infrastructure Investment Trusts (InvITs) into public InvITs. The amendments streamline minimum unitholding and lock-in requirements for sponsors and their groups, aligning them with specific regulations. The procedural and disclosure obligations for public offers during conversion are now consistent with those applicable to follow-on offers. These changes take immediate effect and aim to enhance investor protection and market regulation. Stock exchanges and relevant associations are instructed to publicize these updates accordingly.
Regulatory authorities have revised the framework governing the conversion of private listed Infrastructure Investment Trusts (InvITs) into public InvITs. The amendments streamline minimum unitholding and lock-in requirements for sponsors and their groups, aligning them with specific regulations. The procedural and disclosure obligations for public offers during conversion are now consistent with those applicable to follow-on offers. These changes take immediate effect and aim to enhance investor protection and market regulation. Stock exchanges and relevant associations are instructed to publicize these updates accordingly.
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