Subscription amount rules revised for REITs, and minimum tradable unit reduced to simplify investor participation. Amendments to the REIT Regulations clarify subscription amount wording in regulation 14 and replace prior public offer language with a prescribed monetary range for follow-on offers. Regulation 16(4) is amended to reduce the minimum tradable holding from 100 units to one unit. The amendments are notified as the SEBI (REITs) (Amendment) Regulations, 2021 and commence upon publication in the Official Gazette.
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Subscription amount rules revised for REITs, and minimum tradable unit reduced to simplify investor participation.
Amendments to the REIT Regulations clarify subscription amount wording in regulation 14 and replace prior public offer language with a prescribed monetary range for follow-on offers. Regulation 16(4) is amended to reduce the minimum tradable holding from 100 units to one unit. The amendments are notified as the SEBI (REITs) (Amendment) Regulations, 2021 and commence upon publication in the Official Gazette.
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