Guidelines for filing of placement memorandum - InvITs proposed to be listed

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.... - InvITs proposed to be listed 1. Regulation 2(1) (zoa) of SEBI (Infrastructure Investment Trusts) Regulations, 2014 ("InvIT Regulations") defines "private placement" as an issue of units by an InvIT to any select person or group of persons and does not include an offer of units made through a public issue and Regulation 2(1)(zl) of InvIT Regulations defines a "placement memorandum" as any docum....

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....morandum. c. The Board may issue observations, if any, on the draft placement memorandum within fifteen working days from the later of the following dates: i) the date of receipt of the draft placement memorandum by the Board; or ii) the date of receipt of satisfactory reply from the issuer and/or merchant banker to the issue, where the Board has sought any clarification or additional inform....