Reduction of timelines for listing of units of privately placed Infrastructure Investment Trust (InvIT)

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....d Depository Participants, Registrars to an Issue and Share Transfer Agents Madam / Sir, Sub: Reduction of timelines for listing of units of privately placed Infrastructure Investment Trust (InvIT) 1. Regulation 16(8) (a) of SEBI (Infrastructure Investment Trusts) Regulations, 2015 ("InvIT Regulations) provides that the listing of privately placed units shall be done within thirty work....

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....ines from issue closure till date of listing S. No. Details of Activities Due date 1. Closure of issue and receipt of funds T day 2. Post receipt of funds, Sponsor shall transfer its entire shareholding or interest or rights in the HoldCo and /or SPV or ownership of the infrastructure projects as disclosed in the placement memorandum. Within T+3 worki....

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....T+4 working day 7. Post successful allotment, Investment Manager on behalf of InvIT shall make listing application to stock exchange(s) for listing and trading permission Within T+5 working day 8. Stock exchange(s)  to issue notice for  listing and commencement of trading.   9. Stock exchange to send the notice to depositori....

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....nge(s) have accorded approval for listing of such units of InvIT. 5. The provisions of this circular shall be applicable to listing of units of privately placed InvIT under the SEBI (Infrastructure Investment Trusts) Regulations, 2014 which opens on or after August 01, 2022. Stock Exchanges shall make required changes to implement the same from August 01, 2022. 6. This circular is issued in ....