https://www.taxtmi.com/circulars?id=64357 REITs may not undertake a subsequent institutional placement until two weeks after a prior institutional placement effected via special resolution. For preferential issues made until December 31, 2020, REITs may opt for a pricing floor equal to the higher of a 12 week or 2 week weekly high low VWAP average; units issued under this method will be locked-in for three years and all allotments from the same unitholders' approval must follow the same pricing method. Previously locked sponsor units may be counted for lock-in computation but will not be freshly re-locked if free of lock-in at the time of issue. en-us Mon, 28 Sep 2020 00:00:00 +0530 Mon, 28 Sep 2020 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64357 REITs may not undertake a subsequent institutional placement until two weeks after a prior institutional placement effected via special resolution. For preferential issues made until December 31, 2020, REITs may opt for a pricing floor equal to the higher of a 12 week or 2 week weekly high low VWAP average; units issued under this method will be locked-in for three years and all allotments from the same unitholders' approval must follow the same pricing method. Previously locked sponsor units may be counted for lock-in computation but will not be freshly re-locked if free of lock-in at the time of issue. Circulars SEBI Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64357