https://www.taxtmi.com/acts?id=43281 SM REIT schemes must make initial offers by public issue and disclose identified real estate assets in the draft scheme offer document. The initial offer must be completed within the period after Board observations or a fresh draft must be filed. Minimum subscription thresholds vary by leverage choice and the investment manager must deposit funds to meet minimum unitholding into a cash escrow before the offer opens. Issue proceeds must be used only for disclosed asset acquisitions, and failure to acquire disclosed assets requires refund of the entire amount raised as specified by the Board. en-us Mon, 11 Mar 2024 17:47:50 +0530 Thu, 24 Apr 2025 15:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43281 SM REIT schemes must make initial offers by public issue and disclose identified real estate assets in the draft scheme offer document. The initial offer must be completed within the period after Board observations or a fresh draft must be filed. Minimum subscription thresholds vary by leverage choice and the investment manager must deposit funds to meet minimum unitholding into a cash escrow before the offer opens. Issue proceeds must be used only for disclosed asset acquisitions, and failure to acquire disclosed assets requires refund of the entire amount raised as specified by the Board. Act-Rules SEBI Mon, 11 Mar 2024 17:47:50 +0530 https://www.taxtmi.com/acts?id=43281