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<h1>SEBI Amends REITs Regulations: Sponsors Must Hold 15% Units for 3 Years Post-Listing, Liable for Formation Actions.</h1> The Securities and Exchange Board of India (SEBI) issued an amendment to the Real Estate Investment Trusts (REITs) Regulations, 2014. Effective upon publication in the Official Gazette, the amendment mandates that sponsors and sponsor groups must collectively hold at least 15% of REIT units for three years post-listing. Any excess holding must be retained for at least one year. Additionally, sponsors and sponsor groups remain liable to the REIT, trustees, and unit holders for any actions related to the REIT's formation and asset transfers. This amendment follows several previous modifications to the 2014 regulations.