https://www.taxtmi.com/circulars?id=64520 Rights issue by unlisted InvITs permits offering units to existing unitholders only after investment manager board approval, issuance of the same class of units, and absence of disqualifying sponsor/trustee/manager conditions. The investment manager must determine and disclose the issue price before the record date, file and distribute a letter of offer with specified Schedule III disclosures, credit rights entitlements in demat accounts with renunciation rights, allot units in dematerialized form under prescribed priority and minimum allotment rules, and file an allotment report with the Board post-issue. en-us Wed, 04 Nov 2020 00:00:00 +0530 Wed, 04 Nov 2020 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64520 Rights issue by unlisted InvITs permits offering units to existing unitholders only after investment manager board approval, issuance of the same class of units, and absence of disqualifying sponsor/trustee/manager conditions. The investment manager must determine and disclose the issue price before the record date, file and distribute a letter of offer with specified Schedule III disclosures, credit rights entitlements in demat accounts with renunciation rights, allot units in dematerialized form under prescribed priority and minimum allotment rules, and file an allotment report with the Board post-issue. Circulars SEBI Wed, 04 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64520