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

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....d 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 working days from the date of allotment. These timelines prescrib....

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....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 working day 3. Finalize the list of allottees along with the number of units to be allotted to the applica....

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.... 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 depositories in order to change the status of ISIN to active. 10. Trading commences Within T+6 working day Working days will be all trading days of stock exchanges, excluding Sundays, and bank holidays. 3. The stock e....

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....4 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 exercise of the powers conferred under Regulation 14(6), 16(8)(a), 16(11) and 33 of SEBI (Infrastructure Investment Trusts) Regulations, 2014 and Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interes....