Encumbrance on units of Real Estate Investment Trusts (REITs)

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....tment Trusts (REITs) 1. Regulation 11(3) of SEBI (Real Estate Investment Trusts) Regulations, 2014 ("REIT Regulations") inter alia provides for mandatory holding of units of REIT by sponsor(s) and sponsor group(s) of REIT. 2. Regulation 23 of the REIT Regulations, 2014 inter alia provides that the manager shall disclose to the designated stock exchanges, unit holders and the Board such infor....

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....erms of Regulation 11(3) of the REIT Regulations unless the following conditions are satisfied: a) the person(s) invoking the encumbrance (whether directly or through any trustee or agent acting on its behalf) shall get itself or its nominee to become re-designated sponsor upon compliance with the terms and conditions for re-designation of sponsor as specified under REIT Regulations: Provide....

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....l within two working days from the receipt of details in terms of clause 5 shall disclose such information to every stock exchange where units of the REIT are listed. 7. The format for disclosure of unit holding pattern as provided under Annexure B of SEBI circular No. IMD/DF/146/2016 dated December 29, 2016 stands modified to include the following details pertaining to sponsor(s) and sponsor g....

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....tment of Debt and Hybrid Securities Tel No. 022-2644-9596 Email Id - [email protected] Annexure - I Format for disclosure of details of encumbrance Name of REIT   Name of the recognised stock exchanges where the units of REIT are listed   Name of the sponsor or the member of sponsor group, as applicable   Total unitholding No. of units - % of ....