Guidelines for public issue of units of REITs - Amendments

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....EITs, it has been decided to provide for following in the REIT Guidelines: a. In clause 3 of Schedule A, i. explanation to sub-clause (1) shall be substituted with following: "Explanation: Institutional investors is as defined under Regulation 2(1)(y) of SEBI (Issue Of Capital And Disclosure Requirements) Regulations, 2018." ii. in sub-clause 2(b), following proviso to be inserted "Provided that in case of strategic investor, the aforesaid application value shall be subject to Regulation 2(1)(ztb) of the REIT Regulations." iii. Sub-clause 2(g) shall be substituted with the following: "(g) Neither the merchant bankers(s) nor any associate of the merchant bankers, other than mutual fund....

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....ng platform provided by recognised stock exchanges. (2) An investor, intending to subscribe to a public issue, shall submit a completed bid-cum-application form to Self-Certified Syndicate Banks (SCSBs), with whom the bank account to be blocked is maintained or any of the following intermediaries: a. A syndicate member (or sub-syndicate member) b. A stock broker registered with a recognised stock exchange c. A depository participant ('DP') d. A registrar to an issue and share transfer agent ('RTA') (3) Role of intermediaries: a. Intermediaries accepting the application forms shall be responsible for uploading the bid along with other relevant details in application forms on the ....