InvIT regulatory amendments broaden holdco investment framework, tighten disclosure, public offering and valuation requirements for InvITs. Amendments revise InvIT regulations to enable investments through holding companies, define 'holdco' and related terms, and set governance and distribution requirements ensuring InvIT control over underlying SPVs and board appointments. They rework issuance rules to distinguish initial public offers from private placements, set minimum public allotment thresholds, mandate placement memorandum and valuation disclosures, require merchant banker and valuer involvement, restrict general purpose use of proceeds, and impose refund and listing conditions. A new Board power allows relaxation of procedural or technical requirements in specified circumstances.
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InvIT regulatory amendments broaden holdco investment framework, tighten disclosure, public offering and valuation requirements for InvITs.
Amendments revise InvIT regulations to enable investments through holding companies, define "holdco" and related terms, and set governance and distribution requirements ensuring InvIT control over underlying SPVs and board appointments. They rework issuance rules to distinguish initial public offers from private placements, set minimum public allotment thresholds, mandate placement memorandum and valuation disclosures, require merchant banker and valuer involvement, restrict general purpose use of proceeds, and impose refund and listing conditions. A new Board power allows relaxation of procedural or technical requirements in specified circumstances.
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