https://www.taxtmi.com/highlights?id=87027 SEBI has amended the Master Circular for Infrastructure Investment Trusts (InvITs) with two key modifications. First, the lock-in provisions for preferential issue of units have been revised to align with Regulation 12(3) of InvIT Regulations, requiring 15% of units allotted to sponsor(s) and sponsor group(s) to be locked-in for three years (25% if the sponsor is not the project manager). Additionally, inter-se transfers of locked-in units among sponsor group entities are now permitted subject to continuing lock-in requirements. Second, SEBI has introduced a comprehensive regulatory framework for follow-on offers by publicly offered InvITs, including filing requirements, disclosure standards, and listing procedures. These amendments took immediate effect on March 28, 2025. en-us Tue, 01 Apr 2025 19:38:04 +0530 Tue, 01 Apr 2025 19:38:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=87027 SEBI has amended the Master Circular for Infrastructure Investment Trusts (InvITs) with two key modifications. First, the lock-in provisions for preferential issue of units have been revised to align with Regulation 12(3) of InvIT Regulations, requiring 15% of units allotted to sponsor(s) and sponsor group(s) to be locked-in for three years (25% if the sponsor is not the project manager). Additionally, inter-se transfers of locked-in units among sponsor group entities are now permitted subject to continuing lock-in requirements. Second, SEBI has introduced a comprehensive regulatory framework for follow-on offers by publicly offered InvITs, including filing requirements, disclosure standards, and listing procedures. These amendments took immediate effect on March 28, 2025. Highlights SEBI Tue, 01 Apr 2025 19:38:04 +0530 https://www.taxtmi.com/highlights?id=87027