Follow-on offer in REITs permits public subscription of listed units and includes offers for sale by existing holders. Definition of Follow-on offer: units of a listed Real Estate Investment Trust offered to the public for subscription, and expressly including an offer for sale of REIT units by an existing unit holder to the public.
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.
Follow-on offer in REITs permits public subscription of listed units and includes offers for sale by existing holders.
Definition of Follow-on offer: units of a listed Real Estate Investment Trust offered to the public for subscription, and expressly including an offer for sale of REIT units by an existing unit holder to the public.
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