https://www.taxtmi.com/circulars?id=63251 Guidelines set the regulatory framework for listed InvITs to conduct preferential issues and institutional placements only after unitholder approval, minimum prior listing periods, and in principle exchange approval; they impose dematerialised allotment, caps on private placement recipients, distinct pricing methods for frequently and infrequently traded units (market VWAP formulas or NAV-based valuation), specified lock in and transfer restrictions by allottee category, strict allotment timelines with refund and interest liabilities on default, and detailed disclosure and placement document requirements with lead manager due diligence. en-us Wed, 27 Nov 2019 00:00:00 +0530 Thu, 28 Nov 2019 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63251 Guidelines set the regulatory framework for listed InvITs to conduct preferential issues and institutional placements only after unitholder approval, minimum prior listing periods, and in principle exchange approval; they impose dematerialised allotment, caps on private placement recipients, distinct pricing methods for frequently and infrequently traded units (market VWAP formulas or NAV-based valuation), specified lock in and transfer restrictions by allottee category, strict allotment timelines with refund and interest liabilities on default, and detailed disclosure and placement document requirements with lead manager due diligence. Circulars SEBI Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63251