Participation by Strategic Investor(s) in InvITs and REITs

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....registered with SEBI Dear Sir / Madam, Sub: Participation by Strategic Investor(s) in InvITs and REITs 1. SEBI (Infrastructure Investment Trusts) Regulations, 2014 ("InvIT Regulations") define strategic investors under Regulation 2(1)(zza) of the InvIT Regulations and allows them to participate in InvITs. Further, SEBI (Real Estate Investment Trusts) Regulations, 2014 ("REIT Regulations") vide ....

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....REIT. iii. Subscription price per unit, payable by the strategic investor(s) shall be set out in the unit subscription agreement and the entire subscription price shall be deposited in a special escrow account prior to opening of the public issue. iv. The price at which the strategic investor(s) has/have agreed to buy units of the InvIT/REIT shall not be less than the issue price determined in....

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....ach strategic investor, the number of units proposed to be subscribed by it or the investment amount, proposed subscription price per unit, etc. vi. The unit subscription agreement shall not be terminated except in the event the issue fails to collect minimum subscription. 2.2. The units subscribed by strategic investors, pursuant to the unit subscription agreement, will be locked-in for a per....