https://www.taxtmi.com/circulars?id=65826 The circular amends preferential issue and institutional placement rules for listed InvITs: units must be listed within two working days post-allotment or monies refunded within four working days with joint and several liability for repayment and interest; pricing for preferential issues is tied to volume-weighted average price benchmarks for frequently traded units and for limited institutional placements; definitions of relevant date, relevant stock exchange and frequently traded units are specified; and sponsors who transacted in the prescribed period are ineligible for preferential allotment except when units are issued as full consideration for asset acquisition. en-us Fri, 26 Aug 2022 00:00:00 +0530 Mon, 29 Aug 2022 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65826 The circular amends preferential issue and institutional placement rules for listed InvITs: units must be listed within two working days post-allotment or monies refunded within four working days with joint and several liability for repayment and interest; pricing for preferential issues is tied to volume-weighted average price benchmarks for frequently traded units and for limited institutional placements; definitions of relevant date, relevant stock exchange and frequently traded units are specified; and sponsors who transacted in the prescribed period are ineligible for preferential allotment except when units are issued as full consideration for asset acquisition. Circulars SEBI Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65826