https://www.taxtmi.com/highlights?id=87022 SEBI has amended the Master Circular for REITs dated May 15, 2024, implementing two key regulatory changes. First, lock-in provisions for preferential unit issuances have been modified to require only 15% of sponsor/sponsor group units to be locked-in for three years, with remaining units locked-in for one year. Inter-se transfers of locked-in units among sponsor group entities are now permitted, subject to continuation of lock-in periods. Second, comprehensive guidelines for follow-on offers by REITs have been introduced, including filing requirements, minimum public unitholding of 25%, allotment timelines, and disclosure requirements. These amendments, effective immediately, aim to promote ease of doing business while maintaining investor protection standards. en-us Mon, 31 Mar 2025 15:36:16 +0530 Mon, 31 Mar 2025 15:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=87022 SEBI has amended the Master Circular for REITs dated May 15, 2024, implementing two key regulatory changes. First, lock-in provisions for preferential unit issuances have been modified to require only 15% of sponsor/sponsor group units to be locked-in for three years, with remaining units locked-in for one year. Inter-se transfers of locked-in units among sponsor group entities are now permitted, subject to continuation of lock-in periods. Second, comprehensive guidelines for follow-on offers by REITs have been introduced, including filing requirements, minimum public unitholding of 25%, allotment timelines, and disclosure requirements. These amendments, effective immediately, aim to promote ease of doing business while maintaining investor protection standards. Highlights SEBI Mon, 31 Mar 2025 15:36:16 +0530 https://www.taxtmi.com/highlights?id=87022